Monolithic Power price target lowered to $762 from $887 at Truist

Truist analyst William Stein lowered the firm’s price target on Monolithic Power to $762 from $887 and keeps a Buy rating on the shares. The firm reiterated a cautious semiconductor and artificial intelligence sector view, but is more constructive on Nvidia (NVDA) and Monolithic Power (MPWR) while more cautious on Tesla (TSLA). While Monolithic Power’s print position at Nvidia is in doubt today, Truist is “highly confident” that Monolithic is designed in to Blackwell, the analyst tells investors in a research note. The firm cut enterprise data revenue estimates for Q1 significantly, but highlights Monolithic’s “likely top position across a breadth of AI customers, supporting solid growth over the next few years.”