Monolithic Power Systems, Inc. : Rosenblatt Securities ist weniger optimistisch

Monolithic Power Systems, Inc.: Rosenblatt Securities Downgrades to Neutral

Rosenblatt Securities analyst, Hans Mosesmann, downgraded Monolithic Power Systems, Inc. (MPWR) to Neutral from Buy. Analyst sees a slowdown in power management demand starting in the second half of 2023.

MPWR Stock Price Target Cut

Mosesmann lowered the price target on MPWR to $500 from $600, implying an upside of 17.3% from current levels. The analyst believes that the company's growth will moderate in the near term due to macroeconomic challenges.

Analyst Commentary

Mosesmann noted that MPWR's exposure to the industrial and automotive markets leaves it vulnerable to a slowdown in economic activity. The analyst also cited concerns about rising competition and supply chain disruptions.

Despite the downgrade, Mosesmann acknowledged MPWR's strong track record of execution and its leadership in the power management market. The analyst believes that the company remains well-positioned for the long term.

MPWR Stock Performance

MPWR stock has underperformed the broader market in recent months. The stock is down over 20% year-to-date, compared to a decline of around 10% for the S&P 500 index.

Conclusion

Rosenblatt Securities' downgrade of MPWR reflects the analyst's concerns about a slowdown in power management demand and macroeconomic headwinds. The analyst lowered the price target on MPWR to $500, implying an upside of 17.3% from current levels. Despite the downgrade, the analyst acknowledged MPWR's strong track record of execution and its leadership in the power management market.