TD Cowen raised the firm’s price target on Monolithic Power to $800 from $650 and keeps an Outperform rating on the shares. The firm noted its in-line print and beat in the guidance was largely driven by Enterprise Data, which remains the focus area for investors given key GenAI computing and server design wins.
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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
