Power Integrations (POWI) PT Raised to $82 at Stifel

Stifel analyst Tore Svanberg raised the price target on Power Integrations (NASDAQ: POWI) to $82.00 (from $62.00) while maintaining a Buy rating.

The analyst comments "Expect results in-line with our Mar Q revenue estimate of $106.5mn (+3.2% q/q) and NG EPS of $0.22, weighing persistent macroeconomic volatility and tariff-related uncertainty against recent resilient performance from peers. • We believe POWI could provide in-line Jun Q guidance, with slight upside bias towards our $115.0mn revenue estimate (+8.0% q/q), underpinned by broad-based strength across the industrial sector. We remind investors that the April ISM data represents the 4th consecutive expansionary print. • Maintain Buy, based on multiple key LT growth drivers: (1) new products that materially expand its SAM (especially BridgeSwitch-2, InnoMux 2), (2) continued share gains vs. discretes across multiple applications; (3) GaN proliferation across its entire product stack (aided by Odyssey acquisition); and (4) high-power/voltage, incl. 1250V/1700V GaN and beyond. 12-month TP of $82 (from $62) based on 46.7x CY27E P/E."

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