Monolithic Power Systems Surpasses Q2 Expectations: Analysts Respond With Upgraded Price Targets And Revised Estimates
Portfolio Pulse from Lekha Gupta
Monolithic Power Systems Inc (NASDAQ:MPWR) reported Q2 2023 results, surpassing expectations with revenues of $441.1 million and adjusted EPS of $2.82. The company expects Q3 revenues between $464.0 million and $484.0 million. Several analysts have responded by raising their price targets for MPWR, despite a slight decrease in the stock's price.
August 04, 2023 | 10:02 am
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Monolithic Power Systems surpassed Q2 expectations and expects higher Q3 revenues. Analysts have raised their price targets, indicating positive sentiment despite a slight decrease in stock price.
Monolithic Power Systems reported better than expected Q2 results and provided a positive outlook for Q3, which has led to analysts raising their price targets. This indicates a positive sentiment towards the company's performance and future prospects. However, the stock price has slightly decreased, which could be due to market volatility or other factors not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100