William Blair analyst Sebastien Naji has reiterated their bullish stance on MPWR stock, giving a Buy rating yesterday.
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Sebastien Naji has given his Buy rating due to a combination of factors that highlight Monolithic Power’s strong performance and growth potential. The company reported third-quarter results that surpassed market expectations, particularly in its enterprise data and industrial segments, which contributed significantly to its revenue. This growth is supported by Monolithic Power’s involvement in AI data center projects and various sectors such as automotive, optics, and robotics, providing a diverse range of opportunities for expansion.
Despite some challenges in market visibility and shorter lead times, Monolithic Power is well-positioned for continued growth. The company’s revenue and earnings per share exceeded forecasts, with notable improvements in its operating margin. Looking ahead, Monolithic Power’s guidance for the fourth quarter suggests continued revenue growth, driven by enterprise data and automotive segments. These factors collectively underpin Sebastien Naji’s confidence in Monolithic Power’s ability to maintain its industry-leading growth trajectory, justifying the Buy rating.
According to TipRanks, Naji is a 4-star analyst with an average return of 24.9% and an 83.33% success rate. Naji covers the Technology sector, focusing on stocks such as Nvidia, Oracle, and Arista Networks.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $1,250.00 price target.