As previously reported, Rosenblatt analyst Hans Mosesmann downgraded Monolithic Power (MPWR) to Neutral from Buy with an unchanged price target of $880. While the firm sees Monolithic “capturing the pole position in power delivery to accelerator sockets” with many other GPU/ASIC solutions going forward, the Nvidia (NVDA) roadmap looks to have Texas Instruments (TXN) and perhaps Analog Devices (ADI) in the mix for the Rubin cycle in 2026, the analyst tells investors. Monolithic shares “have been on fire in the last quarter” and the firm thinks they are “set for a reset in product momentum and valuation,” the analyst added.
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Read More on MPWR:
- Monolithic Power downgraded to Neutral from Buy at Rosenblatt
- Monolithic Power Systems: Strong Q3 2024 Performance
- Closing Bell Movers: Microsoft, Meta both down about 3% despite earnings beats
- Monolithic Power reports Q3 EPS $4.06, consensus $3.97
- Monolithic Power sees Q4 revenue $600M-$620M, consensus $602.69M
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