Roth MKM raised the firm’s price target on SiTime to $140 from $125 and keeps a Buy rating on the shares. The company reported revenue and EPS ahead of consensus with better profitability from cost controls, the analyst tells investors in a research note. SiTime also guided seasonal Q1 revenue with lingering inventory digestion but indicated that second-half revenue should resume typical 30% y/y growth from strong design win ramp opportunity, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SITM:
- SiTime Reports Fourth Quarter 2023 Financial Results
- Is SITM a Buy, Before Earnings?
- SiTime Corporation to Announce Fourth Quarter 2023 Financial Results on February 13, 2024
- SiTime price target raised to $130 from $110 at Barclays
- SiTime to Present at the Needham Growth Conference on January 16, 2024
