Oppenheimer Maintains Outperform on Monolithic Power Systems, Raises Price Target to $600
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Rick Schafer has maintained an Outperform rating on Monolithic Power Systems (NASDAQ:MPWR) and increased the price target from $500 to $600.
November 13, 2023 | 5:43 pm
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POSITIVE IMPACT
Oppenheimer has reaffirmed its Outperform rating on Monolithic Power Systems and raised the price target from $500 to $600, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Rick Schafer suggests a strong bullish sentiment towards Monolithic Power Systems. This is likely to be perceived positively by the market and could lead to a short-term increase in the stock price as investors adjust their valuations to align with the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100