Oppenheimer raised the firm’s price target on Monolithic Power (MPWR) to $1,700 from $1,600 and keeps an Outperform rating on the shares. The company reported better than expected results and significant upside outlook, with order velocity increasing along with backlog and visibility, the analyst tells investors in a research note. Monolithic Power is well positioned to capture AI infrastructure demand in ED accelerator/CPUs, storage and communications, the firm added.
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