Oppenheimer Reaffirms Buy on Monolithic Power (MPWR), Citing Long-Term Growth Potential

Monolithic Power Systems, Inc. (NASDAQ:MPWR) ranks among the best growth stocks to buy for the next 10 years. On July 15, Oppenheimer maintained its Outperform rating on Monolithic Power Systems, Inc. (NASDAQ:MPWR) and boosted its price target from $700 to $800. Oppenheimer justified the goal by pointing to the anticipated strength in the server, communications, and automotive verticals, as well as the long-term growth that is expected to outpace rivals by 10-15%.

The firm emphasized Monolithic Power Systems’ above-average EPS growth expectations and expanding revenue mix away from consumer markets and toward the automotive, industrial, communications, and networking. Along with the company’s increasing margin profile, Oppenheimer also pointed to the management’s steady track record of performance and anticipated long-term improvements in cash and capital allocation.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) produces and markets small, ultra-efficient, user-friendly power management systems for various industries, including computers, automotive, data centers, and communications.

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Disclosure: None.