TD Cowen lowered the firm’s price target on Monolithic Power (MPWR) to $975 from $1,100 and keeps a Buy rating on the shares. The firm said strong top-line results were marred by a significant miss in the company’s most important segment. The weak enterprise data segment will be the focus realizing the high-ASP core-power for AI servers business is more lumpy than appreciated.
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Read More on MPWR:
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