KeyBanc analyst John Vinh raised the firm’s price target on Monolithic Power (MPWR) to $850 from $700 and keeps an Overweight rating on the shares. The firm notes the company reported strong Q4 results and Q1 guidance, which both exceeded expectations. Upside in the quarter was mostly driven by Auto, while guidance reflects strength in Auto, Memory, PCs, and Comms. Enterprise Data is expected to be down quarter-over-quarter in Q1 and flat for 2025 with growth expected to be second half of the year weighted, KeyBanc adds. The firm believes this reflects the loss of share on Nvidia’s (NVDA) B200/GB200 platform and regain of share on Blackwell Ultra in the second half of 2025, as well as the ramp of other AI platforms including the Google (GOOGL) TPU.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MPWR:
- Monolithic Power price target raised to $710 from $610 at Wells Fargo
- Monolithic Power Systems Reports Strong Q4 and Annual Growth
- Closing Bell Movers: Amazon slips 4% on soft Q1 outlook, capex plans
- Monolithic Power Q1 revenue $610M-$630M, consensus $584.38M
- Monolithic Power increases quarterly dividend to $1.56 per share