Truist raised the firm’s price target on Monolithic Power (MPWR) to $922 from $899 and keeps a Buy rating on the shares. The company posted modest upside to Q2 estimates and bigger upside to Q3 guidance, the analyst tells investors in a research note. Headline end market commentary wasn’t surprising, but the end market details suggest DC/AI will be down 9% this year, Truist added.
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade MPWRPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MPWR:
- 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
- Monolithic Power Systems Reports Strong Q2 Growth
- Monolithic Power: Strategic Growth and AI Advancements Drive Buy Rating