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Wells Fargo Boosts Monolithic Power (MPWR) PT to $970, Cites Low Sector Expectations

Monolithic Power Systems Inc. (NASDAQ:MPWR) is one of the best NASDAQ growth stocks to buy for the next 5 years. On October 20, Wells Fargo raised the price target on Monolithic Power to $970 from $750 and kept an Equal Weight rating as the firm believes that the overall Q3 2025 EPS expectations for the analog and mixed-signal sector are low because investor sentiment remains mixed to negative.

Wells Fargo suggests that if companies issue guidance for the December quarter that is either in line or slightly better than expected revenue and includes stable gross margins, it could be viewed as a positive sign by the market.

Earlier on October 17, Stifel analyst Tore Svanberg also raised the firm’s price target on Monolithic Power to $1,100 from $930 with a Buy rating on the shares as part of the firm’s Q3 2025 earnings preview for the analog, connectivity, and processors group.

Monolithic Power Systems Inc. (NASDAQ:MPWR) designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets internationally.

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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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