KeyBanc has increased its price target for Monolithic Power Systems (MPWR) to $1,500 from $1,300, maintaining an Overweight rating following strong fourth-quarter results and first-quarter forecasts. The company reported a record quarterly revenue of $751.2 million, exceeding expectations, primarily driven by momentum in its Data Center division. KeyBanc also noted that MPWR raised its 2026 Enterprise Data growth expectation to over 50%.
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KeyBanc Raises Monolithic Power Systems (MPWR) Price Target on Record Quarterly Revenue
KeyBanc has increased its price target for Monolithic Power Systems (MPWR) to $1,500 from $1,300, maintaining an Overweight rating following strong fourth-quarter results and first-quarter forecasts. The company reported a record quarterly revenue of $751.2 million, exceeding expectations, primarily driven by momentum in its Data Center division. KeyBanc also noted that MPWR raised its 2026 Enterprise Data growth expectation to over 50%.