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Investing.com - Stifel raised its price target on Monolithic Power Systems (NASDAQ:MPWR) to $1,100.00 from $930.00 on Friday, while maintaining a Buy rating on the stock. The company, currently valued at $49.2 billion, is trading near its 52-week high of $1,041.50, having delivered an impressive 97% return over the past six months.
The research firm cited Monolithic Power’s strong positioning as a key power management supplier for AI infrastructure as a primary reason for the increased target. According to InvestingPro data, the company maintains a "GREAT" financial health score and has demonstrated robust revenue growth of 34.3% over the last twelve months.
Stifel highlighted the company’s "impressively diverse suite of products targeting multiple end markets" as another factor supporting the higher valuation.
The firm specifically noted potential revenue growth from AI-related "trickle-down" opportunities across Communications, Automotive, and Consumer sectors.
These opportunities are expected to benefit Monolithic Power Systems in both medium-term and long-term timeframes, according to Stifel’s analysis.
In other recent news, Monolithic Power Systems reported a significant boost in its Q2 2025 earnings, achieving a record revenue of $664.6 million, which exceeded forecasts. The earnings per share also surpassed expectations, coming in at $4.21 compared to the anticipated $4.11. In addition to its earnings report, Monolithic Power Systems declared a quarterly dividend of $1.56 per common share, payable on October 15, 2025. Analyst firms have been adjusting their price targets for Monolithic Power Systems, reflecting its performance and market position. Oppenheimer raised its price target to $1,200, highlighting the company’s role as a leading 48V power supplier to AI GPUs/XPUs. KeyBanc Capital Markets increased its price target to $1,050, noting Monolithic Power’s market share gains in Nvidia’s Blackwell Ultra AI chips. Needham also adjusted its price target to $1,025 following discussions with the company’s leadership about growth drivers. These developments underscore Monolithic Power Systems’ strong market position and growth potential.
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