Wells Fargo raised the firm’s price target on Monolithic Power (MPWR) to $730 from $695 and keeps an Equal Weight rating on the shares. The firm thinks Q2 is an interesting setup with the stock trading below its 5-year median price to earnings. In particular, Wells would note Street estimates reflect non-Ent Data revenue -2% quarter-over-quarter in Q3 and -4% the second half of 2025 vs. first half of 2025 despite signs of an improving analog cycle.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MPWR:
- Early notable gainers among liquid option names on July 15th
- Monolithic Power price target raised to $800 from $700 at Oppenheimer
- Monolithic Power price target raised to $940 from $820 at KeyBanc
- Semtech, Keysight, LTC, Monolithic, Foot Locker: Insider Moves Unveiled!
- Monolithic Power CFO Blegen sells 6,000 common shares