Quinn Bolton, an analyst from Needham, reiterated the Buy rating on Monolithic Power (MPWR – Research Report). The associated price target was lowered to $800.00.
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Quinn Bolton has given his Buy rating due to a combination of factors influencing Monolithic Power’s performance. The company has consistently surpassed expectations in both results and future guidance, showcasing its ability to thrive despite potential challenges in specific segments.
While there were initial concerns about potential setbacks in the Enterprise Data segment, Monolithic Power’s diverse business model has demonstrated resilience, allowing other segments to compensate for any weaknesses. This diversity not only mitigates risks but also contributes to higher forward estimates, prompting Bolton to maintain a Buy rating and increase the price target to $800, based on projected earnings.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $850.00 price target.