Needham analyst Quinn Bolton has maintained their bullish stance on MPWR stock, giving a Buy rating today.
Quinn Bolton has given his Buy rating due to a combination of factors that highlight Monolithic Power’s strategic positioning and growth potential. The company is returning to its origins as a diversified analog supplier, which is supported by the introduction of new products and an expansion of its serviceable available market (SAM). Since 2018, the SAM has nearly doubled, largely due to increased penetration in sectors such as automotive, AI/cloud computing, automation, and robotics.
Monolithic Power is also poised for significant growth in the Enterprise Data Center segment, with the launch of its new 3A/mm solutions set anticipated in 2026. Additionally, the company’s expanding footprint in the automotive sector positions it well to benefit from the industry’s shift to 48V systems. Furthermore, Monolithic Power has identified promising opportunities in automation and robotics, with the potential to achieve substantial content value in humanoid robots.
Bolton covers the Technology sector, focusing on stocks such as ON Semiconductor, Silicon Laboratories, and Microchip. According to TipRanks, Bolton has an average return of 13.4% and a 47.18% success rate on recommended stocks.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $850.00 price target.