TD Cowen keeps Buy ratings on three stocks but lowers price targets
TD Cowen maintained Buy ratings on Monolithic Power, Cerebras Systems and Arteris while cutting price targets on all three stocks on October 20.
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what happened
Dow Jones Newswires, citing data from Benzinga, reported that TD Cowen kept its Buy rating on three companies at once. Its price target for Monolithic Power was lowered to $1,700 a share from $1,850, a change logged at 09:55 GMT.
For Cerebras Systems, the target was cut to $175 from $275 at 10:00 GMT. For Arteris, the analyst reduced its target to $25 from $40, with the entry appearing at 10:06 GMT.
why it matters
A price target cut without a change in rating usually reflects an adjustment to valuation assumptions rather than a new view of the business. For the broader market these notes carry little weight, but they show the analyst remains positive on the companies while expecting lower valuations.
tags
instruments
sources
- Monolithic Power Is Maintained at Buy by TD Cowen — Dow Jones Newswires, 20 October 2026 at 09:55 UTC
- Cerebras Systems Is Maintained at Buy by TD Cowen — Dow Jones Newswires, 20 October 2026 at 10:00 UTC
- Arteris Is Maintained at Buy by TD Cowen — Dow Jones Newswires, 20 October 2026 at 10:06 UTC
- Allegro MicroSystems Is Maintained at Buy by TD Cowen — Dow Jones Newswires, 20 October 2026 at 10:24 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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