Analyst Joshua Buchalter of TD Cowen maintained a Buy rating on Monolithic Power (MPWR – Research Report), with a price target of $750.00.
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Joshua Buchalter’s rating is based on Monolithic Power’s strong and diverse business model, which has consistently demonstrated above-peer growth despite current challenges. The company delivered solid financial results with a positive revenue, margin, and EPS outlook. However, there is limited visibility in its key Enterprise Data segment, particularly with a pause at NVIDIA, raising concerns about potential share loss.
Buchalter acknowledges the volatility in the Enterprise Data segment but highlights the overall stability in Monolithic Power’s performance, which is attributed to its differentiated tech-first analog model. The resilience of the business model and management’s approach to diversifying the business away from key AI programs are viewed positively. Despite short-term uncertainties, the long-term growth story remains intact, justifying the Buy rating.
In another report released on January 31, Oppenheimer also reiterated a Buy rating on the stock with a $800.00 price target.