Power Integrations' stock surged 12.91% intraday on Friday, marking a significant upward movement for the semiconductor company.
The sharp increase appears to be driven by positive analyst actions, including Deutsche Bank raising its price target for Power Integrations to $65 from $45 while maintaining a Hold rating. This represents a substantial 44% increase in the bank's valuation of the company.
Additional positive sentiment came from Susquehanna maintaining its Positive rating on the stock, contributing to the bullish market reaction during the trading session.
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