In a report released yesterday, Joshua Buchalter from TD Cowen maintained a Buy rating on Monolithic Power, with a price target of $840.00.
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Joshua Buchalter has given his Buy rating due to a combination of factors that highlight Monolithic Power’s strategic positioning and growth potential. The company has shown impressive performance in its Enterprise Data segment, particularly with AI-powered advancements, expecting a significant quarter-over-quarter growth. Despite some conservative estimates for the year, Monolithic Power’s ability to diversify and stabilize its AI share is a positive indicator for future growth.
Additionally, Monolithic Power continues to outperform the broader analog market, achieving revenue growth significantly above market averages. This consistent above-market growth, coupled with the company’s historical success and strong management, supports the Buy rating. The company’s ability to maintain and potentially expand its market share in AI accelerators further strengthens its growth outlook, making it an attractive investment opportunity.
In another report released on July 24, Oppenheimer also reiterated a Buy rating on the stock with a $800.00 price target.