Monolithic Power Systems upgraded to Buy with $1,686 target after strong H1 revenue growth led by Enterprise Data.

Monolithic Power Systems received a Buy upgrade with a new price target of $1,686 due to strong first-half 2026 revenue growth of 37.1%, driven mainly by the Enterprise Data and Communications segments. Enterprise Data surged 132.4%, prompting management to raise the full-year growth forecast to at least 130%, fueled by data center demand and increased AI server content. The company's valuation was revised with a higher 5-year revenue growth estimate of 36.4%, up from 24%, reflecting robust segment performance. This outlook highlights Monolithic Power Systems' strong position in key growth areas like AI and data infrastructure.

Monolithic Power Systems shares are trading at USD 1,277.39 on Pluang, showing a 1.89% gain in the last day. The stock's market cap stands at $61.61 billion, with a 52-week high of $1.69K. These figures are current as of Oct 21, 2026 10:01 WIB.