Rosenblatt Downgrades Monolithic Power Systems to Neutral, Maintains Price Target to $880
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Hans Mosesmann has downgraded Monolithic Power Systems (NASDAQ:MPWR) from Buy to Neutral, while maintaining the price target at $880.
October 31, 2024 | 11:43 am
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NEGATIVE IMPACT
Rosenblatt has downgraded Monolithic Power Systems from Buy to Neutral, indicating a less optimistic outlook. The price target remains at $880, suggesting no expected change in valuation.
The downgrade from Buy to Neutral by Rosenblatt suggests a less favorable view on Monolithic Power Systems' stock performance. Maintaining the price target at $880 indicates that the analyst does not expect significant upside potential in the near term. This could lead to a short-term negative impact on the stock price as investors adjust to the revised outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100