Wells Fargo lowered the firm’s price target on Monolithic Power (MPWR) to $665 from $710 and keeps an Equal Weight rating on the shares following the company’s first Analyst Day since 2018. While significant investor focus remains on Ent Data/AI, Monolithic’s Analyst Day highlighted the breadth of content growth opportunities across a number of markets, with increasing focus on delivering full solutions, the firm says.
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Read More on MPWR:
- 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
- Monolithic Power targets revenue growth exceeding market by 10%-15% in 2025-2027
- Monolithic Power raises Q1 revenue view to $630M-$640M from $610M-$630M
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