Wells Fargo Maintains Overweight on Monolithic Power Systems, Raises Price Target to $725
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley maintains an Overweight rating on Monolithic Power Systems (MPWR) and raises the price target from $715 to $725.
May 02, 2024 | 2:05 pm
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Wells Fargo analyst Gary Mobley maintains an Overweight rating on Monolithic Power Systems and raises the price target from $715 to $725.
The increase in price target by a reputable analyst like Gary Mobley suggests a positive outlook on MPWR's financial health and market position. This endorsement is likely to instill confidence in investors, potentially driving up the stock price in the short term.
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