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Home/News Feed/Microchip Technology rated strong buy with 37% upside on AI and data center growth drivers.
MCHP
$86.26
-$0.85 -0.98%

Microchip Technology rated strong buy with 37% upside on AI and data center growth drivers.

Analyst Insights
04 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Microchip Technology is rated a strong buy due to its growing exposure to AI infrastructure, data centers, and industrial connectivity. The analyst projects 2028 revenue of $7.25 billion and EPS of $4.32, with a price target of $132 representing a 36.8% upside from current prices. Key growth areas include AI, MCU recovery, industrial Ethernet, automotive networking, and memory strength. Risks include slower recovery and revenue conversion from AI design wins.

More News (MCHP)

Microchip launches VectorBlox 3.0 SDK to boost AI performance on low-power PolarFire FPGAs for edge applications.

Microchip launches VectorBlox 3.0 SDK to boost AI performance on low-power PolarFire FPGAs for edge applications.

Microchip Technology has released the VectorBlox 3.0 Accelerator SDK, a free tool designed to simplify and speed up AI implementation on PolarFire FPGAs and SoCs. The SDK supports sparse neural networks, improving performance and reducing power consu...

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