Monolithic Power Systems (MPWR) PT Raised to $1,950 at Wolfe Research

Wolfe Research analyst Chris Caso raised the price target on Monolithic Power Systems (NASDAQ: MPWR) to $1,950.00 (from $1,650.00) while maintaining a Outperform rating.

The analyst comments "Our $1950 PT is based on ~67 our CY27 EPS estimate of $29.28. Our CY26 and CY27 rev/EPS estimates move higher to $3.7bn/$23.91 and $4.3bn/$29.28, respectively, following the report. While the stock has had a strong run (up 67% since our fall upgrade), the valuation (55x our CY27 EPS) isn’t much changed since our upgrade, since numbers have moved higher. We continue to feel that AI power is the best place to be in analog. Since MPWR has the most exposure in our coverage along with very strong product, that’s why the stock has been among our favorites in analog."

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