Truist raised the firm’s price target on Monolithic Power (MPWR) to $897 from $762 and keeps a Buy rating on the shares. The company posted modest upside to Q4 and bigger upside to Q1, but with end market performance that varied significantly versus expectations, the analyst tells investors in a research note. Truist adds however that the overall upside matters more than downside in a single high profile end market, also raising its FY26 EPS view by 89c to $19.93.
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