Needham analyst N. Quinn Bolton has named Monolithic Power (MPWR) a Top Pick for 2023 and added the name to the Needham Conviction List, replacing Marvell (MRVL). The analyst is also keeping his Buy rating and $450 price target on the stock. Bolton is positive on the company combining the attractive attributes of the analog business model with a diversified revenue stream, also stating that he sees limited pricing pressure and high margins. The analyst also views Monolithic Power as having one of the highest growth rates in the semiconductor industry.
Published first on TheFly
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