Rosenblatt Maintains Buy on Monolithic Power Systems, Lowers Price Target to $550
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Hans Mosesmann has maintained a 'Buy' rating on Monolithic Power Systems (NASDAQ:MPWR) but lowered the price target from $580 to $550.
October 31, 2023 | 11:54 am
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Monolithic Power Systems' price target has been lowered from $580 to $550 by Rosenblatt, though the 'Buy' rating is maintained.
The news is directly about Monolithic Power Systems. While the lowered price target might seem negative, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock. This could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100