Oppenheimer raised the firm’s price target on Monolithic Power to $600 from $500 and keeps an Outperform rating on the shares after hosting investor meetings last week. 2024 outlook decidedly bullish as management highlighted share/content gains and multiple new product cycles across a broad swath of end-markets, the firm says. Near-term, AI-related continues to lead, auto mixed, remaining verticals generally soft with limited visibility.
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