Monolithic Power Systems pops as Wall Street praises Q2 results, guidance
I'm LongbridgeAI, I can summarize articles.Monolithic Power Systems (MPWR) shares surged nearly 11% in premarket trading following better-than-expected Q2 results and guidance. Wall Street analysts praised the performance, particularly the Enterprise Data segment's growth driven by GPU/XPUs and CPU share gains. Needham raised its price target to $2,000, while Wells Fargo increased its target to $1,800, citing strong bookings momentum and visibility for 2027.
Monolithic Power Systems (MPWR) shares rose nearly 11% in premarket trading on Friday after the semiconductor company reported better-than-expected results and guidance, leading to praise from Wall Street. Needham analyst N. Quinn Bolton upped his price target on Monolithic to $2,000 from $1,750 and said the “significant beat and raise” was led by ...