Reported 1 day ago
Raymond James analyst Melissa Fairbanks has reaffirmed a Strong Buy rating for Microchip Technology Incorporated (NASDAQ:MCHP), raising the price target from $65 to $75 following the company’s impressive Q1 FY 2026 earnings report, which exceeded expectations. With solid demand for its AI-focused solutions and a reasonable forward PEG ratio, Microchip is viewed as a strong long-term investment despite other AI stocks potentially offering greater upside.
Source: YAHOO