This Nvidia Supplier’s Stock Is Down 30% in 3 MonthsHeres Why Deutsche Bank Says It’s Still a Buy [Video]

After reaching record highs last year, shares of Monolithic Power Systems (MPWR) have slumped more than 30% since the semiconductor firm’s last earnings report at the end of October, but analysts have remained bullish on the stock.

In a note earlier this week, Deutsche Bank analysts added Monolithic’s stock to its list of “top picks,” and called its recent slide a “buying opportunity.” The analysts reiterated their “buy” rating and a $900 price target, citing likely revenue growth and improving margins over the next two years as positive catalysts.

Monolithic beat earnings estimates in the third quarter, but the company’s forecast that revenue growth would be “roughly flat” in the fourth quarter shook investors and its stock plunged 17% in a day.

Shares took another hit in November when a report suggested Nvidia (NVDA) was considering reducing the amount of components it buys from Monolithic for its Blackwell platform. Analysts had …