Monolithic Power Systems (MPWR) Sees Bullish Auto Outlook, Citi Raises Price Target

Monolithic Power Systems, Inc. (NASDAQ:MPWR) ranks among the 20 best fast growth stocks to invest in. Citi reiterated its Buy rating on Monolithic Power Systems, Inc. (NASDAQ:MPWR) and boosted its price target from $700 to $785 on June 4. The update came after a meeting with the company’s management during Citi’s annual Silicon Valley Bus Tour.

Monolithic Power Systems (MPWR) Sees Bullish Auto Outlook, Citi Raises Price Target

Bernie Blegen, the CFO of Monolithic Power Systems, and Tony Balow, the head of investor relations, met with Citi analysts. The discussions uncovered a bullish attitude toward the company’s Auto Business, which makes up 23% of sales, and a cautiously hopeful perspective for the Enterprise business, which makes up 25% of sales.

The analysts noted that Monolithic Power Systems, Inc. (NASDAQ:MPWR) could benefit from recent encouraging data points in the analog industry from companies like ADI, MCHP, and ON. Furthermore, management remains optimistic about possible development in the second half of 2025.

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.

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