Truist raised the firm’s price target on Monolithic Power (MPWR) to $1,805 from $1,396 and keeps a Buy rating on the shares. The company’s Q1 results topped estimates and Q2 was guided meaningfully above consensus, the analyst tells investors in a research note. Growth remains diversified, but the clear driver continues to be data centers/AI – shown in both the Enterprise Data & Comms end markets, Truist added.
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