SiTime price target raised to $135 from $120 at Barclays

Barclays analyst Blayne Curtis raised the firm’s price target on SiTime (SITM) to $135 from $120 and keeps an Overweight rating on the shares. The company’s Q1 was expected to be weak but the full pause at Apple (AAPL) "definitely sets a lower bottom than we were expecting," the analyst tells investors in a research note. The firm says SiTime’s story "is delayed but still intact" and should recover in the second half of 2023.