Citi Reiterates Bullish Stance on Monolithic Power Systems (MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) is one of the Best Long Term Growth Stocks to Buy Now. On October 3, Citi analyst Kelsey Chia reiterated the bullish stance on the company’s stock, giving a “Buy” rating. The analyst lifted the price objective from $825 to $1,100. The analyst’s rating is backed by numerous positive indicators. As per the analyst, Monolithic Power Systems, Inc. (NASDAQ:MPWR) is anticipated to report healthy results for Q3 2025, thanks to the positive trends in the Enterprise Data, Storage, and Computing markets.

Citi Reiterates Bullish Stance on Monolithic Power Systems (MPWR) Stock

Furthermore, Monolithic Power Systems, Inc. (NASDAQ:MPWR)’s AI power business continues to expand beyond its initial partnerships, with new collaborations expected to contribute to growth from H2 2025. Apart from the AI sector, Monolithic Power Systems, Inc. (NASDAQ:MPWR) continues to see momentum in its automotive business, which is expected to continue through 2026, added the firm’s analyst. It remains well-placed to benefit from the recovery of the analog market as well as the higher demand for AI data center power solutions.

Baron Funds released its Q2 2025 investor letter. Here is what the fund said:

“Very briefly on the other, smaller adds to existing investments during the second quarter. Fabless analog and power semiconductor company Monolithic Power Systems, Inc. – we like Monolithic Power Systems, Inc.’s (NASDAQ:MPWR) consistent above industry growth and its attractive end market exposure and have taken advantage of short-term volatility to add to our position.”

While we acknowledge the potential of MPWR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MPWR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now

Disclosure: None. This article is originally published at Insider Monkey.