KeyBanc lowered the firm’s price target on Monolithic Power (MPWR) to $820 from $850 and keeps an Overweight rating on the shares. The firm notes the company reported strong Q1 results, consistent with its positive pre and guided Q2 higher.
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Read More on MPWR:
- 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
- Monolithic Power sees Q2 revenue $640M-$660M, consensus $633.58M