Oppenheimer analyst Rick Schafer raised the firm’s price target on Monolithic Power to $525 from $450 and keeps an Outperform rating on the shares ahead of the quarterly results on February 8. The firm sees upside to Q4 consensus for sales and EPS of $460M and $3.13, respectively, and expects the Q1 outlook to be roughly inline with Street estimates as the broad semi correction endures, the analyst tells investors in a research note.
Published first on TheFly
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