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Fly News Breaks for October 26, 2018
MPWR
Oct 26, 2018 | 06:36 EDT
Oppenheimer analyst Rick Schafer maintained an Outperform rating on Monolithic Power Systems following the company's Q3 beat and raise, telling investors in a research note that upside was led by diverse greenfield ramps in server, auto, industrial and communications. Schafer, who has a $150 price target on shares, views a $2B top-line as "attainable" within about 5 years, and says he remains a long-term buyer of Monolithic Power and that it is his top small cap structural growth/gross margin story.
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