Monolithic Power price target raised to $580 from $475 at Credit Suisse

Credit Suisse analyst Chris Caso raised the firm’s price target on Monolithic Power to $580 from $475 and keeps an Outperform rating on the shares after the company reported an in-line quarter and guidance relative to consensus. The relative stability was notable since Monolithic Power has significant exposure to the compute segment, which had demonstrated weakness elsewhere, the firm says.