10 High Growth Technology Stocks That Are Profitable

3. Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Revenue Growth (5y): 27.885%

Net Profit Margin: 71.22%

Monolithic Power Systems, Inc. (NASDAQ:MPWR) stands third on our list of high growth stocks.

TheFly reported on January 29 that Oppenheimer increased its price target for MPWR to $1,300 from $1,200 while maintaining an Outperform rating. The firm noted robust demand from the automotive and artificial intelligence sectors as major drivers and underlined upside potential in the upcoming Q4 results and the Q1 outlook.

Furthermore, Wells Fargo maintained its Overweight rating and increased its price target for Monolithic Power Systems, Inc. (NASDAQ:MPWR) from $1,125 to $1,200 earlier on January 26. The company reported that after CES, sector mood improved, with demand patterns offering marginally better visibility. Investors reacted favorably, concurring that additional share gains may be supported by upward estimate revisions.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) designs high-performance analog and mixed-signal power solutions that maximize energy efficiency. It serves cloud, automotive, industrial, and consumer markets. Its compact, integrated “monolithic” technology reduces power consumption and enhances performance.