Benchmark lowered the firm’s price target on Power Integrations (POWI) to $55 from $70 and keeps a Buy rating on the shares following “mostly in-line” Q2 results and “disappointing” guidance. The longer-term fundamentals remain healthy, but near-term macro and tariff-related headwinds, particularly in the consumer appliance segment, are weighing on the outlook, the analyst tells investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on POWI:
- Power Integrations: Long-term Growth Potential Amidst Near-term Challenges with Strategic Expansion and Leadership Transition
- Power Integrations’ Earnings Call: Growth Amid Challenges
- Power Integrations price target lowered to $55 from $70 at Susquehanna
- Power Integrations Reports Strong Revenue Growth
- Power Integrations reports Q2 EPS 35c, consensus 35c