Truist Securities Reiterates Buy Rating on Monolithic Power Systems (MPWR)

Truist Securities analyst William Stein reiterated a Buy rating and $897.00 price target on Monolithic Power Systems (NASDAQ: MPWR).

The analyst comments "It's not just about AI. MPWR hosts an analyst day on 3/20. We anticipate key messages to be similar to ones delivered at the last analyst day in 2020. Expect key points will be: (1) MPWR's model is to solve its customers' most difficult power management challenges (across end markets and products - not just AI PMICs); (2) This enables the company to deliver significantly above-industry sales growth with expanding margins; (3) the company will show off some emerging products (last analyst day it was in automotive; this year we expect it will be in home automation). No change to our thesis, EPS estimates, or $897 PT. Buy."

For an analyst ratings summary and ratings history on Monolithic Power Systems click here. For more ratings news on Monolithic Power Systems click here.

Shares of Monolithic Power Systems closed at $640.64 yesterday.

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