Oppenheimer raised the firm’s price target on Monolithic Power (MPWR) to $800 from $700 and keeps an Outperform rating on the shares. The firm increased targets in the semiconductor group as part of a Q2 preview. It sees a “beat and raise” setup for most companies driven by artificial intelligence exposure. Oppenheimer remains long-term bullish on the sector citing the critical role semis play in AI and the broader technology value chain.
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