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.
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