Stifel Maintains Buy on Power Integrations, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg has maintained a Buy rating on Power Integrations (NASDAQ:POWI) and increased the price target from $90 to $100, indicating a positive outlook on the company's stock.
January 02, 2024 | 7:55 pm
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POSITIVE IMPACT
Stifel analyst Tore Svanberg reaffirms a Buy rating on Power Integrations and raises the price target to $100, suggesting confidence in the company's future performance.
The increase in price target by Stifel reflects a positive assessment of Power Integrations' prospects, which is likely to be viewed favorably by investors. This endorsement from a reputable analyst could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100