Monolithic Power price target raised to $1,500 from $1,300 at Stifel

Stifel raised the firm’s price target on Monolithic Power (MPWR) to $1,500 from $1,300 and keeps a Buy rating on the shares. The firm continues to believe volatility in AI-levered names presents buying opportunities for “long-term investors focused on picking clear technological innovators,” the analyst tells investors in a preview for the analog, connectivity and processors semi group. Broadly speaking, premium valuations for AI-levered names are justified given the clear secular growth in the segment, the analyst added.

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