Needham Reiterates Buy on Monolithic Power Systems, Maintains $800 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton reiterated a Buy rating on Monolithic Power Systems (MPWR) and maintained an $800 price target.
May 02, 2024 | 10:52 am
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Needham analyst Quinn Bolton reiterated a Buy rating on Monolithic Power Systems with an $800 price target.
The reiteration of a Buy rating and maintenance of a high price target by a reputable analyst like Quinn Bolton suggests a strong bullish outlook for MPWR. This endorsement is likely to instill confidence in investors, potentially driving up the stock's price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100