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Analysts Offer Insights on Technology Companies: Fabrinet (FN) and Monolithic Power (MPWR)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Fabrinet (FNResearch Report) and Monolithic Power (MPWRResearch Report) with bullish sentiments.

Fabrinet (FN)

In a report released today, Alex Henderson from Needham reiterated a Buy rating on Fabrinet, with a price target of $130.00. The company’s shares closed last Monday at $99.42.

According to TipRanks.com, Henderson is a top 100 analyst with an average return of 23.2% and a 58.3% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, CrowdStrike Holdings, and CyberArk Software.

Fabrinet has an analyst consensus of Moderate Buy, with a price target consensus of $129.50, implying a 32.4% upside from current levels. In a report issued on April 25, Loop Capital Markets also initiated coverage with a Buy rating on the stock with a $129.00 price target.

See the top stocks recommended by analysts >>

Monolithic Power (MPWR)

Needham analyst Quinn Bolton maintained a Buy rating on Monolithic Power today and set a price target of $530.00. The company’s shares closed last Monday at $410.87.

According to TipRanks.com, Bolton is a top 25 analyst with an average return of 44.9% and a 68.9% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Rockley Photonics Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Monolithic Power with a $552.14 average price target, which is a 40.6% upside from current levels. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $570.00 price target.

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