KeyBanc Capital Markets Lifts Monolithic Power Systems, Inc. (MPWR) Price Target Buoyed By Growing Business

Monolithic Power Systems, Inc. (NASDAQ:MPWR) is one of the high-growth semiconductor stocks that are profitable in 2025. On September 30, KeyBanc Capital Markets raised the stock’s price target to $1,050 from $950 and maintained an ‘Overweight’ rating, impressed by the company’s strengthening position in the AI chip power management market.

The price target hike comes as the company has delivered 34.3% revenue growth over the last 12 months. Revenue growth is driven by Monolithic Power’s significant market share gains in Nvidia’s Blackwell Ultra B300 HGX AI chips. The company has secured a 50% share of the B300 HGX platform due to supply constraints limiting competitors’ activities.

KeyBanc Capital Markets expects the company to win significant business on Nvidia’s Rubin R200 HGX platform due to the B300 HGX Platform’s edge. Consequently, the research firm has revised the company’s financial projections. It now expects the Enterprise segment to decline by only 4% in 2025, which is better than the 10% decline initially predicted by management.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) is a semiconductor company that designs and develops high-performance, integrated power solutions, including DC-to-DC converters, power modules, motor drivers, and power management chips.

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