Wells Fargo Maintains Overweight on Monolithic Power Systems, Raises Price Target to $575
Portfolio Pulse from jenniferd'souza@benzinga.com
Wells Fargo analyst Gary Mobley has maintained an Overweight rating on Monolithic Power Systems (NASDAQ:MPWR) and raised the price target from $510 to $575.
August 01, 2023 | 12:21 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Monolithic Power Systems' price target has been raised from $510 to $575 by Wells Fargo, maintaining an Overweight rating.
The raised price target indicates that the analyst sees potential for the stock's price to increase in the short term. The Overweight rating suggests that the analyst believes the stock will outperform the market. This is likely to have a positive impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100