Monolithic Power shares should be bought, says Oppenheimer After meeting with Monolithic's CFO, Oppenheimer believes the company's quarter is tracking as planned, and reports that management's tone "remains consistently bullish." It believes that the company's long-term design pipeline continues to build, and increased its price target on the stock to $41 from $38. It keeps an Outperform rating on the shares.
Monolithic Power weakness creates buying opportunity, says Oppenheimer Oppenheimer believes that the 15% drop in Monolithic's stock since its September high creates a buying opportunity. The firm expects the company to generate "outsize growth" and gross margin increases. It reiterates a $45 price target and Outperform rating.