Monolithic Power Systems (MPWR) PT Raised to $1,100 at TD Cowen

TD Cowen analyst Matthew Ramsay raised the price target on Monolithic Power Systems (NASDAQ: MPWR) to $1,100.00 (from $925.00) while maintaining a Buy rating.

The analyst commented, "We hosted Monolithic Power Systems Founder/CEO Michael Hsing, CFO Bernie Blegen, and VP of Finance/IR Tony Balow in Baltimore, NYC, & Boston. Discussions focused on the growth drivers within AI power (not just at NVIDIA, but at an increasingly diverse set of large customer engagements), plus how the company's unique culture is adapting to greater scale. Reiterate Buy, a Top Pick, PT to $1,100."

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