TD Cowen lowered the firm’s price target on Monolithic Power (MPWR) to $600 from $750 and keeps a Buy rating on the shares. Widespread tariffs, regardless of semi exemptions, “add an accelerant to an already-potent mix of investor concerns on compute/AI,” says the analyst, who says in a preview of the compute semiconductor group that results are unlikely to see an impact, but outlooks from members of the group may reflect “significant uncertainty pervading what is inherently a global tech supply chain.”
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Read More on MPWR:
- Monolithic Power’s Strategic Growth and Diversification: A Buy Rating by Quinn Bolton
- Monolithic Power price target lowered to $665 from $710 at Wells Fargo
- Monolithic Power’s Adjusted Growth Outlook and Balanced Capital Strategy Lead to Hold Rating
- Monolithic Power’s Promising Growth Trajectory and Strategic Positioning Earns Buy Rating
- Monolithic Power Updates Financial Guidance at Analyst Day