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 price target raised to $80 from $65 at Pacific Crest Pacific Crest raised its price target on Monolithic as it believes that the company reported strong results and guidance. The firm is now more upbeat on the company's growth outlook and keeps an Outperform rating.