Analyst Joshua Buchalter from TD Cowen maintained a Buy rating on Monolithic Power (MPWR – Research Report) and keeping the price target at $750.00.
Joshua Buchalter has given his Buy rating due to a combination of factors that highlight Monolithic Power’s promising growth trajectory. The company’s recent analyst day provided updates on its diverse growth vectors, which remain robust and are supported by its unique mixed-signal IP and demand across various end markets for power efficiency. This positions Monolithic Power well above its peers in terms of growth potential.
Despite a modest reaction from the stock market, the raised sales guidance for the upcoming quarter indicates strong performance across different segments, including Enterprise Data. Although there are concerns about near-term volatility in this segment, Monolithic Power’s strategic moves into higher voltage applications and its strong relationships with key compute vendors suggest a positive long-term outlook. The company’s history of innovation in DC-DC power and the increasing power needs of AI accelerators further bolster confidence in its future growth prospects.
In another report released yesterday, Oppenheimer also reiterated a Buy rating on the stock with a $800.00 price target.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MPWR in relation to earlier this year.
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