Reported 29 days ago
Oppenheimer has reaffirmed its Outperform rating for Monolithic Power Systems (NASDAQ:MPWR), increasing its price target from $700 to $800 due to expected growth in server, communications, and automotive sectors. The firm highlighted MPWR's above-average earnings growth potential, an evolving revenue mix focused on industrial and automotive markets, and solid management performance. Despite these strengths, Oppenheimer notes that some AI stocks may present higher upside potential.
Source: YAHOO