Truist Securities Maintains Buy on Monolithic Power Systems, Raises Price Target to $799
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein maintains a Buy rating on Monolithic Power Systems (MPWR) and raises the price target from $789 to $799.
May 02, 2024 | 1:26 pm
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POSITIVE IMPACT
Truist Securities raises Monolithic Power Systems' price target to $799, maintaining a Buy rating.
The increase in price target by a reputable analyst like William Stein from Truist Securities is a strong positive signal for Monolithic Power Systems. It suggests confidence in the company's future performance and growth potential, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100