TD Cowen Maintains Buy on Monolithic Power Systems, Lowers Price Target to $975
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Matt Ramsay maintains a Buy rating on Monolithic Power Systems (NASDAQ:MPWR) but lowers the price target from $1100 to $975.
October 31, 2024 | 2:37 pm
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TD Cowen's analyst Matt Ramsay continues to recommend buying Monolithic Power Systems stock, but has reduced the price target from $1100 to $975.
The Buy rating suggests continued confidence in MPWR's performance, but the lowered price target indicates a more cautious outlook on its valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100