KeyBanc raised the firm’s price target on Monolithic Power (MPWR) to $1,050 from $950 and keeps an Overweight rating on the shares. The firm notes Monolithic has garnered 50% share of Blackwell Ultra, as supply constraints are limiting how much AOSL can supply, and given its incumbency on B300 HGX, the company appears to be the frontrunner to win Rubin R200 HGX along with AOSL. KeyBanc is raising estimates to reflect higher share of B300 HGX and is now modeling Enterprise to decline -4% in 2025, as compared to Monolithic’s outlook of -10% at the midpoint.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MPWR:
- Monolithic Power price target raised to $1,025 from $820 at Needham
- Strong Future Growth for Monolithic Power Systems: Buy Rating with Raised Price Target and Optimistic Revenue Projections
- Monolithic Power management to meet with Needham
- Monolithic Power Declares Q3 Dividend of $1.56
- Monolithic Power CEO sells $16.77M in common stock