TD Cowen analyst Joshua Buchalter maintained a Buy rating on Monolithic Power yesterday and set a price target of $1,250.00.
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Joshua Buchalter has given his Buy rating due to a combination of factors surrounding Monolithic Power’s performance and future prospects. The company reported a solid set of results with a revenue beat and a positive outlook for the Enterprise Data segment, which is expected to grow significantly by 2026. This growth aligns with the anticipated timing of major industry announcements, suggesting potential upside.
In addition to the Enterprise Data segment, Monolithic Power continues to demonstrate diversified growth across its portfolio, outperforming many of its competitors. Despite some uncertainties regarding visibility and lead times, the company’s consistent execution and historical outperformance provide confidence in its ability to meet future growth targets. Overall, these factors contribute to the Buy rating, reflecting a positive long-term outlook for the company.
In another report released on October 29, Needham also maintained a Buy rating on the stock with a $1,250.00 price target.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MPWR in relation to earlier this year.