Why Monolithic Power Systems (MPWR) Shares Are Rising
Portfolio Pulse from Henry Khederian
Shares of Monolithic Power Systems Inc (MPWR) are trading higher by 4.26% after Raymond James maintained an Outperform rating on the stock and raised its price target from $500 to $570. The stock has risen by 56.23% on a year-to-date basis due to marked interest in semiconductor companies amid AI popularity. The market has shown a strong interest in AI-related technologies, and investors view MPWR as well-positioned to capitalize on this trend.
July 10, 2023 | 3:54 pm
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Monolithic Power Systems' stock is trading higher due to an Outperform rating from Raymond James and a raised price target. The company's positioning in the AI-related technologies market is also driving investor interest.
The stock price of MPWR is rising due to a positive rating from Raymond James, which has maintained an Outperform rating and raised its price target. Additionally, the company's strong positioning in the AI-related technologies market is attracting investor interest, which is driving up the stock price.
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