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Monolithic Power price target raised to $875 from $720 at Raymond James

Raymond James raised the firm’s price target on Monolithic Power (MPWR) to $875 from $720 and keeps an Outperform rating on the shares following the beat and raise quarter. The firm was encouraged to see broad-based growth, with a further sequential increase expected in most segments for the September quarter, the analyst tells investors in a research note. Monolithic remains one of the firm’s top picks to play secular growth trends across AI datacenter, automotive, and industrial automation.

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