Needham Maintains Buy on Monolithic Power Systems, Lowers Price Target to $500
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton has maintained a 'Buy' rating on Monolithic Power Systems (NASDAQ:MPWR) but lowered the price target from $575 to $500.
October 31, 2023 | 10:49 am
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Monolithic Power Systems' price target has been lowered from $575 to $500 by Needham, though the 'Buy' rating is maintained.
The news is directly about Monolithic Power Systems. The lowering of the price target might indicate a potential downside in the short term, but the maintained 'Buy' rating suggests that the analyst still sees long-term potential in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100