Citi raised the firm’s price target on Monolithic Power (MPWR) to $785 from $700 and keeps a Buy rating on the shares after meeting with management. The company remained cautiously optimistic about a strong ramp in the Enterprise business in the second half of 2025 but sounded confident about a content-driven ramp in the Auto Business, the analyst tells investors in a research note. The firm believes the recent positive data points across the analog space should benefit Monolithic, and increased the company’s estimates as a result.
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