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Needham still thinks Power Integrations is a good buy but cut its price target from $80 to $65.

OpinionRead the original at tradingview.com
Neutral

Needham kept its Buy rating but cut its price target by 18.8%; its new target still suggested about 38.9% above the Nov. 4 close. The mixed view concerns the shares and reports no change in the company's business, so it does not clearly shift POWI's prospects.

POWI · Power Integrations, Inc.

AI read · Neutral

The AI's read

The update speaks about how Needham views the shares, not about a reported change in Power Integrations' business. A lower target points to less expected value than before, but the firm kept its Buy rating and still saw room above the prior close. These mixed views do not establish a clear change in the company's prospects.

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