Monolithic Power price target raised to $1,100 from $925 at TD Cowen

TD Cowen raised the firm’s price target on Monolithic Power to $1,100 from $925 and keeps a Buy rating on the shares. The firm said they are still in the early innings and sees the company’s differentiated and best-of-breed solutions as driving sustainable long-term growth, best exemplified by the company’s strong positioning in datacenter processing power but commanding diverse growth vectors across end markets.