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Fly News Breaks for June 11, 2018
MPWR
Jun 11, 2018 | 07:44 EDT
Oppenheimer analyst Rick Schafer raised his price target for Monolithic Power to $150 from $130 following the company's analyst day and after management raised Q2 outlook and detailed plan to achieve $1B revenues by 2021. With shares up 450% over past five years, the analyst believes investors underappreciate potential for growth acceleration and sees $2B top-line organically attainable within five to six years. He reiterates an Outperform rating on the shares.
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