Needham Maintains Buy on Monolithic Power Systems, Raises Price Target to $800
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton maintains a Buy rating on Monolithic Power Systems (MPWR) and raises the price target from $500 to $800.
February 08, 2024 | 12:54 pm
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Needham analyst Quinn Bolton reaffirms a Buy rating on Monolithic Power Systems and increases the price target to $800 from $500.
The increase in price target by a reputable analyst suggests a strong confidence in the company's future performance. This is likely to positively influence investor sentiment and potentially increase the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100