As previously reported, Wells Fargo analyst Joe Quatrochi upgraded Monolithic Power (MPWR) to Overweight from Equal Weight with a price target of $1,125, up from $1,100. The firm sees a path for positive estimate revisions via broadening enterprise data opportunities as well as continued momentum in non-enterprise data. Wells thinks sentiment is warming on analog given relatively easy year-over-year comparable sales in the first half of 2026 as companies are now largely shipping close to end-demand, and potential for further inventory replenishment.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MPWR:
- Monolithic Power upgraded to Overweight from Equal Weight at Wells Fargo
- The VanEck Semiconductor ETF (SMH) News: Weekly Fund Flow Statistics – 1/2/26
- Monolithic Power price target raised to $1,375 from $1,163 at Truist
- Seagate, Western Digital among additions to Nasdaq-100 on 12/22
- Nasdaq-100 Reshuffle: Who’s In, Who’s Out?