Needham analyst N. Quinn Bolton raised the firm’s price target on Monolithic Power to $525 from $450 and keeps a Buy rating on the shares after its Q4 results and guidance. The company is proving itself as the "most resilient large-car" with the analyst’s coverage, the firm tells investors in a research note. Monolithic Power also offers strong traction with GPUs for AI demand, including current generation and next generation DC GPUs that will ramp in the first half of this year, the firm added.
Published first on TheFly
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- Monolithic Power price target raised to $550 from $490 at Cowen
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- Monolithic Power price target raised to $580 from $475 at Credit Suisse
- Monolithic Power sees Q1 revenue $440M-$460M, consensus $448.47M.
