Monolithic Power Systems shares are trading higher after Rosenblatt maintained a Buy rating on the stock and raised its price target from $550 to $750.
Portfolio Pulse from Benzinga Newsdesk
Monolithic Power Systems' stock (MPWR) is trading higher following an upgrade in price target from $550 to $750 by Rosenblatt, which maintained a Buy rating on the stock.
December 26, 2023 | 4:27 pm
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Rosenblatt has raised the price target for Monolithic Power Systems (MPWR) from $550 to $750 and maintained a Buy rating, leading to a higher trading price for MPWR shares.
The increase in price target by a reputable analyst firm like Rosenblatt typically signals a strong bullish sentiment on the stock, suggesting a positive outlook on the company's future performance. This often results in increased investor confidence and a short-term rise in the stock price.
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