Monolithic Power price target raised to $975 from $850 at KeyBanc

KeyBanc analyst John Vinh raised the firm’s price target on Monolithic Power (MPWR) to $975 from $850 and keeps an Overweight rating on the shares. The firm expects Monolithic Power to maintain 80%+ share on Nvidia (NVDA) Hopper/Blackwell platforms in power and expects Blackwell to provide Monolithic with a 40% ASP uplift as compared to Hopper as power requirements increase from 700W to 1000W, the analyst tells investors in a research note. Improving traditional data center and Monolithic’s position in AI should support Enterprise Data revenues of over $1B in 2025, KeyBanc says.