Wolfe Research analyst Chris Caso upgraded Monolithic Power (MPWR) to Outperform from Peer Perform with a $1,200 price target as part of a Q3 preview for the semiconductor group. Wolfe sees a “conservative path” to $24-plus in 2027 earnings per share for Monolithic. While the stock’s valuation “isn’t cheap,” the company has avenues for upside to estimates, “making it difficult to wait on the sidelines,” 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>>
Read More on MPWR:
- Early notable gainers among liquid option names on October 13th
- SMH ETF News: Fast Daily Recap – 10/10/25
- Monolithic Power: Strong Growth Prospects in AI and Automotive Sectors Drive Buy Rating and Price Target Increase
- Citi ups Monolithic Power target, adds ‘upside 90-day catalyst watch’
- Early notable gainers among liquid option names on September 30th