Truist: 'Buy Monolithic Power Systems (MPWR), the Innovator'

Truist Securities analyst William Stein reiterated a Buy rating and $897.00 price target on Monolithic Power Systems (NASDAQ: MPWR).

The analyst commented: "Buy MPWR, the innovator; At its 3/20 analyst day, MPWR did not deliver the positive catalyst that some had hoped for. To us, the most important takeaway is that MPWR remains the best innovator in analog. Product innovation is the biggest supporter of revenue growth. We estimate MPWR will deliver ~20% sales growth and low-20s% EPS growth through a cycle. This deserves a premium P/E multiple. CY26 EPS stays $19.93. PT stays $897 based on 45x (10x discount to high-growth semi peers). Buy."

For an analyst ratings summary and ratings history on Monolithic Power Systems click here. For more ratings news on Monolithic Power Systems click here.

Shares of Monolithic Power Systems closed at $590.98 yesterday.

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