Citi analyst Kelsey Chia has reiterated their bullish stance on MPWR stock, giving a Buy rating on September 30.
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Kelsey Chia’s rating is based on several positive indicators for Monolithic Power’s future performance. The company is expected to report strong results for the third quarter of 2025, driven by positive trends in the Enterprise Data, Storage, and Computing markets, which together account for a significant portion of its sales. Furthermore, Monolithic Power’s AI power business is expanding beyond its initial partnerships, with new collaborations with major players like AMD, Google, and Amazon anticipated to contribute to growth from the second half of 2025.
In addition to the AI sector, Monolithic Power is experiencing momentum in its automotive business, which is expected to continue through 2026. The company is well-positioned to benefit from the recovery of the analog market and the increasing demand for AI data center power solutions. These factors, combined with anticipated sales growth in various end markets, underpin the decision to raise the price target from $825 to $1,100, reinforcing the Buy rating.
According to TipRanks, Chia is a 4-star analyst with an average return of 44.3% and a 100.00% success rate.
In another report released on September 30, KeyBanc also maintained a Buy rating on the stock with a $1,050.00 price target.