Analysts raise targets and reiterate buy ratings on Monolithic Power Systems
Updated
Updated · Barron's · May 1
Analysts raise targets and reiterate buy ratings on Monolithic Power Systems
13 articles · Updated · Barron's · May 1
Truist lifted its target to $1,805 from $1,396 and Raymond James to $1,800 from $1,350 after first-quarter adjusted earnings of $5.10 and revenue of $804.2 million beat forecasts.
Enterprise data revenue nearly doubled to $262.8 million, while the company forecast about 35% year-on-year sales growth in the second quarter with a modest margin improvement.
Despite a 3.1% share drop on Friday, analysts said AI data-centre demand supports the premium valuation, with the stock up 78% this year and Monolithic expanding capacity plans to $6 billion in annual revenue.
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