Stifel Maintains Buy on Monolithic Power Systems, Raises Price Target to $700
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg has reaffirmed a Buy rating on Monolithic Power Systems (NASDAQ:MPWR) and increased the price target from $600 to $700, indicating a positive outlook on the company's stock.
January 02, 2024 | 7:50 pm
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Stifel analyst Tore Svanberg maintains a Buy rating on Monolithic Power Systems and raises the price target from $600 to $700, suggesting a bullish stance on the stock.
The increase in price target by Stifel reflects a strong vote of confidence in Monolithic Power Systems' future performance. This positive analyst rating can lead to increased investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100