TSLA - Monolithic Power Rides High On NVIDIA Partnership AI Roadmap And Pipeline Strength: Analyst | Benzinga
Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating on Monolithic Power Systems, Inc. (NASDAQ: MPWR), raising the price target to $750 from $550.
The analyst increased the price target, foreseeing a cyclical analog with an embedded bottom visible in the first half of 2024.
The rise is attributed to a substantial power analog AI roadmap/pipeline filling in the power analog AI sector.
Mosesmann also highlighted that the SoC AI industry design momentum assured a strong multi-year dynamic that required more sophisticated power analog and liquid cooling techniques.
Key to the story is the company's deep and sustained relationship with NVIDIA Corporation (NASDAQ: