Rosenblatt upgrades Monolithic Power Systems to Buy and lifts price target to $1,700
Rosenblatt raised its rating on Monolithic Power Systems (MPWR) from Neutral to Buy and increased its price target to $1,700. The firm projects that Enterprise revenue will expand by about 150% and Communications revenue by roughly 100% during 2026. MPWR reported third‑quarter 2026 adjusted earnings of $8.19 per share and revenue of $1.2 billion, a 63% year‑over‑year increase. Needham reiterated a Buy rating with a $2,000 target, citing strong segment growth.
Why it matters
The upgrade and higher target suggest significant upside for the stock, with analysts expecting rapid revenue expansion in key segments. Investors may price in the projected growth and the new $1,700 target, which implies about a 42% upside from the recent close.
Key facts
- 1Rosenblatt changed its rating on MPWR to Buy from Neutral and set a new price target of $1,700. investing.com
- 2The previous Rosenblatt target was $1,575. tradingview.com
- 3MPWR closed at $1,198.81 on Oct 29, 2026. investing.com
- 4MPWR posted adjusted earnings of $8.19 per share for Q3 2026, beating the $7.71 estimate. investing.com
- 5Revenue for Q3 2026 rose to $1.2 billion, a 63% increase year‑over‑year. investing.com
- 6Rosenblatt projects Enterprise revenue to grow about 150% and Communications revenue about 100% in 2026. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.