Monolithic Power price target raised to $1,300 from $1,250 at Needham

Needham raised the firm’s price target on Monolithic Power (MPWR) to $1,300 from $1,250 and keeps a Buy rating on the shares. The company reported a solid beat and raise led by growth in Enterprise Data, while the management remains bullish on broader demand heading into 2026 as its backlog and demand visibility has improved, the analyst tells investors in a research note.