Monolithic Power Systems shares are trading higher after Raymond James maintained an Outperform rating on the stock and raised its price target from $500 to $570.
Portfolio Pulse from Benzinga Newsdesk
Raymond James has maintained an Outperform rating on Monolithic Power Systems and raised its price target from $500 to $570. This has led to a rise in the company's shares.
July 10, 2023 | 3:38 pm
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Monolithic Power Systems' shares are trading higher after Raymond James maintained an Outperform rating and raised its price target from $500 to $570.
The positive rating and increased price target by Raymond James indicates a strong confidence in Monolithic Power Systems' performance. This is likely to attract investors, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100