Wells Fargo Analyst Lowers Price Target for VF Corporation

On May 25, 2023, Ike Boruchow, a Wells Fargo analyst, maintained an Equal-Weight recommendation for VF Corporation (NYSE:VFC). However, Boruchow lowered the price target from $22 to $20. This decision came after previously giving a bearish rating for VF, but upgrading the stock to Equal Weight due to green shoots that are beginning to emerge at the Vans brand.

Despite the price target decrease, VF is projected to have an annual revenue of $12,248MM, which is a 4.71% increase. Additionally, the projected annual non-GAAP EPS is 2.37. The average one-year price target for VF is $28.88, indicating a 37.67% increase from its latest reported closing price of $20.98.

However, on May 24, 2023, the median target price for VF Corp (VFC) stock was $25.00, with a high estimate of $38.00 and a low estimate of $18.00.

MCHP Stock Analysis: Earnings and Revenue Growth, Market Capitalization and More

On May 25, 2023, MCHP (Microchip Technology Inc.) opened at $74.90, down from the previous close of $77.62. The day’s range was between $72.56 and $75.50, with a volume of 7,827,792 shares traded. MCHP’s market capitalization was $42.7 billion. The company’s earnings growth last year was 74.68%, and this year’s growth is expected to be 5.28%. The projected earnings growth for the next five years is 12.38%. The revenue growth for MCHP last year was 23.72%. The P/E ratio was 19.9, and the price/sales ratio was 5.53. MCHP’s next reporting date is August 1, 2023, and the EPS forecast for this quarter is $1.64. The company’s annual revenue last year was $8.4 billion, with a net profit margin of 26.52%.

Microchip Technology Inc (MCHP) Stock Performance and Financial Outlook for 2023

Microchip Technology Inc (MCHP) is a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, offering low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide. The company’s stock performance on May 25, 2023, is a topic of interest for many investors and analysts.

According to data from CNN Money, MCHP has been receiving positive ratings from investment analysts, with a consensus among 25 polled analysts to buy stock in the company.

MCHP’s current quarter earnings per share are $1.64, with sales of $2.3 billion. The company is set to report its earnings on August 01, 2023. This is an important date for investors, as it will provide insights into the company’s financial performance and its ability to meet market expectations.

MCHP’s strong financial performance can be attributed to its focus on providing innovative solutions to its customers. The company has a diverse range of products and services, catering to various industries and applications. It has also been investing in research and development to stay ahead of the competition and provide cutting-edge solutions to its customers.

In conclusion, MCHP’s stock performance on May 25, 2023, is positive, with a consensus among investment analysts to buy stock in the company. The company’s strong financial performance and its focus on innovation have contributed to this positive outlook. The upcoming earnings report on August 01, 2023, will provide further insights into the company’s financial performance and its ability to meet market expectations.