Rosenblatt analyst Hans Mosesmann raised the firm’s price target on Monolithic Power (MPWR) to $750 from $550 and keeps a Buy rating on the shares. The new price target is a high on the Street. Key to Monolithic’s investment story is the company’s “deep and sustained relationship” with Nvidia (NVDA) and other artificial intelligence accelerator chip players in power analog chips, sub-systems, and/or modules, the analyst tells investors in a research note. The firm says Monolithic Power has a “significant” power analog AI roadmap and pipeline.
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