Stifel Maintains Buy on Monolithic Power Systems, Raises Price Target to $600
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg maintains a 'Buy' rating on Monolithic Power Systems (NASDAQ:MPWR) and raises the price target from $540 to $600.

July 20, 2023 | 4:39 pm
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Stifel analyst Tore Svanberg maintains a 'Buy' rating on Monolithic Power Systems and raises the price target from $540 to $600.
The news of Stifel maintaining a 'Buy' rating on Monolithic Power Systems and raising the price target from $540 to $600 is directly related to the company and is likely to have a positive impact on its stock price in the short term. This is because the raised price target indicates the analyst's increased confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100