SiTime price target raised to $150 from $125 at Roth Capital

Roth Capital analyst Suji Desilva raised the firm’s price target on SiTime to $150 from $125 and keeps a Buy rating on the shares. The firm expects SiTime to recover to a better growth outlook in the next few earnings reports, having already adjusted estimates downward for consumer cyclical exposure. Roth believes SiTime is better positioned from an end market position and secular share gain opportunity to resume strong double-digit year-over-year growth in the next few quarters with ongoing healthy margin opportunity.