Rosenblatt Maintains Buy on Monolithic Power Systems, Raises Price Target to $750
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Hans Mosesmann maintains a Buy rating on Monolithic Power Systems (MPWR) and increases the price target from $550 to $750.
December 26, 2023 | 1:02 pm
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POSITIVE IMPACT
Rosenblatt analyst reaffirms a Buy rating on Monolithic Power Systems and raises the price target to $750, indicating a positive outlook on the stock.
The increase in price target by a respected analyst typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100