Monolithic Power Systems shares are trading higher after Truist Securities reiterated a Buy rating on the stock and raised its price target from $918 to $994.
Portfolio Pulse from Benzinga Newsdesk
Monolithic Power Systems shares rose after Truist Securities reiterated a Buy rating and increased the price target from $918 to $994.
October 02, 2024 | 5:43 pm
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Monolithic Power Systems shares are trading higher following Truist Securities' decision to reiterate a Buy rating and increase the price target from $918 to $994.
The increase in price target and reiteration of a Buy rating by Truist Securities is a positive signal for investors, likely leading to increased buying interest and a short-term rise in MPWR's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100