Raymond James lowered the firm’s price target on Monolithic Power (MPWR) to $720 from $925 and keeps an Outperform rating on the shares. The company posted a solid quarter, with upside to revised guidance largely driven by a strong rebound in Storage & Computing sales, and Raymond James is encouraged to see a well-diversified growth profile across the rest of the company, the analyst tells investors in a research note. Management now has improved visibility into a strong second half rebound in Enterprise Data as new platforms come to market in volume, the firm says.
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Read More on MPWR:
- Monolithic Power price target lowered to $820 from $850 at KeyBanc
- Monolithic Power: Strong Q1 2025 Performance and Promising Future Outlook with Strategic Growth Initiatives
- Monolithic Power price target raised to $700 from $615 at Citi
- Monolithic Power Systems Reports Strong Q1 2025 Growth
- Monolithic Power reports Q1 non-GAAP EPS $4.04, consensus $4.00
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