Raymond James raised the firm’s price target on Monolithic Power (MPWR) to $875 from $720 and keeps an Outperform rating on the shares following the beat and raise quarter. The firm was encouraged to see broad-based growth, with a further sequential increase expected in most segments for the September quarter, the analyst tells investors in a research note. Monolithic remains one of the firm’s top picks to play secular growth trends across AI datacenter, automotive, and industrial automation.
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Read More on MPWR:
- Monolithic Power price target raised to $950 from $940 at KeyBanc
- Monolithic Power Systems Reports Strong Q2 Growth
- Monolithic Power: Strategic Growth and AI Advancements Drive Buy Rating
- Monolithic Power reports Q2 EPS $4.21, consensus $4.12
- Monolithic Power sees Q3 revenue $710M-$730M, consensus $675.92M