Microchip (MCHP) posted a solid quarter with a beat and raise following the two intra-quarter positive presentations, Cantor Fitzgerald tells investors in a research note. With a clear path to earnings power upside of $4.00 in calendar 2027, the firm says the pullback offers a buying opportunity.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCHP:
- Microchip price target raised to $84 from $77 at Needham
- Microchip price target raised to $95 from $85 at JPMorgan
- Microchip price target lowered to $91 from $92 at Citi
- Microchip Technology: Gradual Recovery and Limited Visibility Justify Hold Rating and Lowered $70 Target
- Closing Bell Movers: Amazon slammed 10% on earnings, dragging down futures