TD Cowen Maintains Outperform on Monolithic Power Systems, Raises Price Target to $625
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Matt Ramsay maintains an Outperform rating on Monolithic Power Systems (NASDAQ:MPWR) and raises the price target from $500 to $625.
May 30, 2023 | 11:37 am
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TD Cowen maintains an Outperform rating on Monolithic Power Systems and raises the price target from $500 to $625.
The news of TD Cowen maintaining an Outperform rating and raising the price target for Monolithic Power Systems (MPWR) is positive for the stock. This indicates that the analyst believes the company will outperform its peers and has a higher growth potential. The increase in the price target from $500 to $625 suggests that the analyst sees more upside potential for the stock, which could lead to an increase in demand and a higher stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100