Monolithic Power Systems shares are trading higher after TD Cowen maintained a Buy rating and raised its price target from $925 to $1,100.
Portfolio Pulse from Benzinga Newsdesk
Monolithic Power Systems shares rose after TD Cowen maintained a Buy rating and increased its price target from $925 to $1,100.
August 21, 2024 | 3:05 pm
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Monolithic Power Systems shares are trading higher following TD Cowen's decision to maintain a Buy rating and raise the price target from $925 to $1,100.
The increase in price target and maintained Buy rating by TD Cowen is a positive signal to investors, suggesting confidence in Monolithic Power Systems' future performance. This is likely to drive short-term stock price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100