Needham Maintains Buy on Monolithic Power Systems, Lowers Price Target to $950
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton maintains a Buy rating on Monolithic Power Systems (NASDAQ:MPWR) but lowers the price target from $1000 to $950.
October 31, 2024 | 11:47 am
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Needham analyst Quinn Bolton maintains a Buy rating on Monolithic Power Systems but lowers the price target from $1000 to $950.
The analyst's decision to maintain a Buy rating suggests continued confidence in MPWR's performance, but the lowered price target indicates a more cautious outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100