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Investing.com - Wolfe Research upgraded Monolithic Power Systems (NASDAQ:MPWR) stock rating from Peerperform to Outperform on Tuesday, setting a price target of $1,200.00. According to InvestingPro data, MPWR currently trades near $216, with a market capitalization of $351 billion.
The research firm cited a "conservative path" to calendar year 2027 earnings per share of $24 or higher as the basis for the upgrade.
Wolfe Research acknowledged that Monolithic Power Systems’ valuation "isn’t cheap at 41x" current earnings.
Despite the premium valuation, the firm indicated it sees "avenues for upside to numbers" for the semiconductor company.
The analyst report concluded that the potential for earnings growth makes it "difficult to wait on the sidelines" for a better entry point in the stock.
In other recent news, Advanced Micro Devices, Inc. (AMD) has been at the center of attention due to its strategic partnership with OpenAI. This collaboration has resulted in a series of analyst upgrades and price target increases. Moody’s has upgraded AMD’s senior unsecured ratings to A1 from A2, citing strong multi-year revenue and earnings growth prospects bolstered by increased demand for data center GPUs. Mizuho has raised its price target for AMD to $275, maintaining an Outperform rating, following the announcement of a significant deal with OpenAI. Similarly, TD Cowen increased its price target to $270, continuing its Buy rating on the stock. Piper Sandler also adjusted its price target to $240 from $190, emphasizing the importance of the 6-gigawatt agreement for AMD’s Instinct GPUs. BofA Securities maintained its $250 price target, noting that the first 1GW deployment is on track for the latter half of 2026. These developments highlight the positive sentiment among analysts regarding AMD’s future performance.
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