Power Integrations price target raised, added to Best Ideas list at Benchmark

Benchmark raised the firm’s price target on Power Integrations (POWI) to $55 from $50 and keeps a Buy rating on the shares, which the analyst is adding to the Benchmark Best Ideas list for 2026. The new management team brings a “more aggressive strategic vision” and the firm sees multiple catalysts for share appreciation coming off an extended cyclical bottom, driven in part by the company’s leverage to consumer markets, the analyst tells investors.