Needham Remains Bullish on Monolithic Power Systems (MPWR)

Monolithic Power Systems, Inc. (NASDAQ:MPWR) is one of the top must-buy semiconductor stocks to invest in now. Needham lifted the price target on Monolithic Power Systems, Inc. (NASDAQ:MPWR) to $1,750 from $1,300 on May 1, maintaining a Buy rating on the shares. The firm told investors in a research note that the company reported a solid beat and raise, supported by growth in the Enterprise Data and Communications segments.

Is Monolithic Power Systems, Inc. (MPWR) the Cheap Semiconductor Stock to Buy Now?

Monolithic Power Systems, Inc. (NASDAQ:MPWR) also received a rating update from Truist on May 1. The firm raised the price target on the stock to $1,805 from $1,396 while maintaining a Buy rating on the shares. It told investors in a research note that the company’s fiscal Q1 results surpassed estimates, while fiscal Q2 was guided meaningfully above consensus. It added that growth remains diversified, but the clear driver continues to be data centers/AI, which is shown in both the Enterprise Data & Comms end markets.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) is involved in the design, development, and marketing of integrated power semiconductor solutions and power delivery architectures for computing and storage, industrial, automotive, communications, and consumer applications markets.

While we acknowledge the risk and potential of MPWR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MPWR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1