Wells Fargo Raises MPWR's Price Target to $1,350, Maintains Overweight Rating

Wells Fargo raised Monolithic Power Systems' (MPWR) price target to $1,350, a 12.50% increase, and maintained the Overweight rating. This positive outlook is reflected in recent analyst upgrades and price target increases. The company specializes in power management solutions for various end markets and has a one-year average target price of $1,206.16, with a high estimate of $1,375.00 and a low estimate of $925.45.