KeyBanc analyst John Vinh raised the firm’s price target on Monolithic Power (MPWR) to $1,300 from $1,250 and keeps an Overweight rating on the shares. The firm notes the company reported strong Q3 results and Q4 guidance, which solidly beat expectations. Upside was primarily driven by Enterprise Data and Industrials. Management indicated the second half of the year strength in ED was driven by the ramp of new customers and expects 30%-40% growth in 2026, which KeyBanc believes is conservative. The firm continues to expect strength in the second half of 2025 driven by share gains at Nvidia (NVDA) on B300 HGX and expects more meaningful growth in the second half of 2026 as Monolithic becomes the primary supplier on Vera Rubin.
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Read More on MPWR:
- Monolithic Power’s Strong Q3 Performance and Growth Potential Justifies Buy Rating
- Monolithic Power Systems Reports Strong Q3 2025 Results
- Monolithic Power: Strong Performance and Promising Growth Prospects Justify Buy Rating
- Monolithic Power reports Q3 EPS $4.73, consensus $4.63
- Monolithic Power sees Q4 revenue $730M-$750M, consensus $723.09M