TD Cowen lowered the firm’s price target on Monolithic Power (MPWR) to $975 from $1,100 and keeps a Buy rating on the shares. The firm said strong top-line results were marred by a significant miss in the company’s most important segment. The weak enterprise data segment will be the focus realizing the high-ASP core-power for AI servers business is more lumpy than appreciated.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MPWR:
- Monolithic Power downgraded at Rosenblatt on expected valuation reset
- 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