Oppenheimer Cites Strong Automotive and AI Demand Driving Monolithic Power Systems, Inc. (MPWR) Upside

We recently compiled a list of 10 High Growth Technology Stocks That Are Profitable. Monolithic Power Systems, Inc. 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.

Oppenheimer Cites Strong Automotive and AI Demand Driving Monolithic Power Systems, Inc. (MPWR) Upside

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.

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: 12 Best Multibagger Stocks to Buy Heading into 2026 and 7 Best Rising Tech Stocks to Buy Now.

Disclosure: None.