KeyBanc Raises Monolithic Power Systems (MPWR) Price Target on Record Quarterly Revenue

Monolithic Power Systems, Inc. (NASDAQ:MPWR) ranks among the best high growth high margin stocks to buy now. On February 6, KeyBanc boosted its price target for Monolithic Power Systems, Inc. (NASDAQ:MPWR) to $1,500 from $1,300, retaining an Overweight rating on the company’s shares. The boost comes after the company’s fourth-quarter results and first-quarter forecasts, which KeyBanc defined as “strong”. Notably, Monolithic Power Systems, Inc. (NASDAQ:MPWR) raked in a record quarterly revenue of $751.2 million, exceeding expectations of $740.23 million.

KeyBanc stated that the company’s fourth-quarter momentum was prominent in the Data Center division, which produced substantial year-over-year growth spanning Enterprise Data, Computing & Storage, and Communications.

Given the strong market demand and share gains, the firm noted that Monolithic Power Systems, Inc. (NASDAQ:MPWR) has raised its 2026 Enterprise Data growth expectation from an earlier projection of 35% to more than 50%, though it considers this goal to be conservative.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) produces and markets small, ultra-efficient, user-friendly power management systems for various industries, including computers, automotive, data centers, and communications.

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.

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