Wells Fargo analyst Joe Quatrochi raised the firm’s price target on Monolithic Power (MPWR) to $710 from $610 and keeps an Equal Weight rating on the shares. The firm notes the company delivered better-than-expected Q1 guide as Ent Data weakness will be offset by accelerating other end markets. While 2025 Ent Data reset is now confirmed, Wells thinks investors could struggle with first half vs second half of 2025 end market revenue dynamics.
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