KeyBanc Raises Monolithic Power Systems (MPWR) Price Target on Record Quarterly Revenue

Monolithic Power Systems, Inc. (NASDAQ:MPWR) ranks among the best high growth high margin stocks to buy now. On February 6, KeyBanc boosted its price target for Monolithic Power Systems, Inc. (NASDAQ:MPWR) to $1,500 from $1,300, retaining an Overweight rating on the company’s shares. The boost comes after the company’s fourth-quarter results and first-quarter forecasts, which KeyBanc defined as “strong”. Notably, Monolithic Power Systems, Inc. (NASDAQ:MPWR) raked in a record quarterly revenue of $751.2 million, exceeding expectations of $740.23 million.

KeyBanc stated that the company’s fourth-quarter momentum was prominent in the Data Center division, which produced substantial year-over-year growth spanning Enterprise Data, Computing & Storage, and Communications.

Given the strong market demand and share gains, the firm noted that Monolithic Power Systems, Inc. (NASDAQ:MPWR) has raised its 2026 Enterprise Data growth expectation from an earlier projection of 35% to more than 50%, though it considers this goal to be conservative.

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. This article is originally published at Insider Monkey.