From Financial Modeling Prep: 2024-11-18 12:28:00

KeyBanc analysts lowered Monolithic Power Systems’ price target from $1,075 to $700, citing concerns over near-term market share losses to Nvidia’s Blackwell GPU ramp. Infineon is expected to secure 60-70% of the market share, with Renesas capturing a secondary share. Monolithic Power Systems aims to reenter the market with Blackwell Ultra in the second half of 2025.

Despite the market share loss, analysts believe the stock’s recent decline has factored in much of the downside risk. The Overweight rating reflects optimism about long-term prospects in generative AI and data center markets. However, the revised price target considers near-term challenges and competition in the GPU market.



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