Citi Reiterates Bullish Stance on Monolithic Power Systems (MPWR) Stock

Monolithic Power Systems, Inc. (NASDAQ:MPWR) is one of the Best Long Term Growth Stocks to Buy Now. On October 3, Citi analyst Kelsey Chia reiterated the bullish stance on the company’s stock, giving a “Buy” rating. The analyst lifted the price objective from $825 to $1,100. The analyst’s rating is backed by numerous positive indicators. As per the analyst, Monolithic Power Systems, Inc. (NASDAQ:MPWR) is anticipated to report healthy results for Q3 2025, thanks to the positive trends in the Enterprise Data, Storage, and Computing markets.

Furthermore, Monolithic Power Systems, Inc. (NASDAQ:MPWR)’s AI power business continues to expand beyond its initial partnerships, with new collaborations expected to contribute to growth from H2 2025. Apart from the AI sector, Monolithic Power Systems, Inc. (NASDAQ:MPWR) continues to see momentum in its automotive business, which is expected to continue through 2026, added the firm’s analyst. It remains well-placed to benefit from the recovery of the analog market as well as the higher demand for AI data center power solutions.

Baron Funds released its Q2 2025 investor letter. Here is what the fund said:

“Very briefly on the other, smaller adds to existing investments during the second quarter. Fabless analog and power semiconductor company Monolithic Power Systems, Inc. – we like Monolithic Power Systems, Inc.’s (NASDAQ:MPWR) consistent above industry growth and its attractive end market exposure and have taken advantage of short-term volatility to add to our position.”

While we acknowledge the potential of MPWR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.