Rosenblatt Maintains Buy on Monolithic Power Systems, Raises Price Target to $580
Portfolio Pulse from richadhand@benzinga.com
Rosenblatt analyst Hans Mosesmann has maintained a 'Buy' rating on Monolithic Power Systems (NASDAQ:MPWR) and raised the price target from $540 to $580.
August 01, 2023 | 11:17 am
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Monolithic Power Systems' price target has been raised from $540 to $580 by Rosenblatt, maintaining a 'Buy' rating.
The raised price target indicates the analyst's increased confidence in the company's performance. This could potentially attract more investors, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100