Citi analyst Kelsey Chia raised the firm’s price target on Monolithic Power (MPWR) to $825 from $785 and keeps a Buy rating on the shares. The firm views the company’s Q2 report as strong with its enterprise data center business returning to growth.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MPWR:
- Monolithic Power Systems Reports Record Revenue and Optimistic Growth Outlook
- Monolithic Power price target raised to $922 from $899 at Truist
- Early notable gainers among liquid option names on August 1st
- Monolithic Power price target raised to $875 from $720 at Raymond James
- Monolithic Power price target raised to $950 from $940 at KeyBanc