Truist raised the firm’s price target on Monolithic Power to $789 from $652 and keeps a Buy rating on the shares. The company delivered modest upside to Q4 estimates but guided Q1 more solidly above consensus, just as its inventories are below the long term target, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MPWR:
- Monolithic Power Raises Quarterly Dividend to $1.25
- Monolithic Power Systems Announces Results for the Fourth Quarter and Year Ended December 31, 2023 and an Increase in Quarterly Cash Dividend
- MPS Acquires Axign B.V., an Innovative Digital Signal Processor Company
- Is MPWR a Buy, Before Earnings?
- Monolithic Power price target raised to $700 from $600 at Oppenheimer