Oppenheimer Sticks to Its Buy Rating for Monolithic Power (MPWR)
Oppenheimer analyst Rick Schafer maintained a Buy rating on Monolithic Power (NASDAQ: MPWR) today and set a price target of $150. The company’s shares opened today at $136.78.
According to TipRanks.com, Schafer is a 5-star analyst with an average return of 15.7% and a 67.8% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Akoustis Technologies, Skyworks Solutions, and Texas Instruments.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Monolithic Power with a $157.20 average price target, implying a 14.9% upside from current levels. In a report issued on August 29, KeyBanc also maintained a Buy rating on the stock with a $170 price target.
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The company has a one-year high of $152.21 and a one-year low of $100.26. Currently, Monolithic Power has an average volume of 387.8K.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock.
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Monolithic Power Systems, Inc. engages in the provision of power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. It operates through the following segments: Consumer, Industrial, Computing and Store, and Communications.