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.
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 price target raised to $950 from $940 at KeyBanc
- Monolithic Power Systems Reports Strong Q2 Growth
- Monolithic Power: Strategic Growth and AI Advancements Drive Buy Rating
- Monolithic Power reports Q2 EPS $4.21, consensus $4.12
- Monolithic Power sees Q3 revenue $710M-$730M, consensus $675.92M