Monolithic Power Systems (MPWR) received a Buy rating upgrade and a new price target of $1,686, citing strong revenue growth in the first half of 2026.
Total revenue grew 37.1%, largely driven by demand related to artificial intelligence and data centers.
Enterprise Data revenue surged 132.4% in the first half of 2026. Management raised its full-year growth forecast for the segment to at least 130%.
The outlook reflects the company's positioning in expanding AI server and data infrastructure markets.