SiTime price target raised to $130 from $110 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on SiTime to $130 from $110 and keeps an Equal Weight rating on the shares. The analyst rolled out 2025 numbers across the semiconductor and semi cap equipment space and prefers names levered to the “2nd Wave” of artificial intelligence. The target change is part of the firm’s 2024 outlook.