Piper Sandler Raises Microchip (MCHP) Target to $85, Calls It Top Mid-Cap Pick

Microchip Technology Incorporated (NASDAQ:MCHP) is one of the AI Stocks Making Waves on Wall Street. On January 15, Piper Sandler analyst Harsh Kumar raised the price target on the stock to $85.00 (from $80.00) while maintaining an Overweight rating. The analyst sees upside for Microchip, driven by multiple growth levers, and identifies it as its "top mid-cap pick." Kumar believes calendar 2026 is shaping up to be very positive for MHCP, particularly with the company witnessing strengthening order momentu ...