SiTime price target raised to $250 from $225 at Needham

Needham raised the firm’s price target on SiTime (SITM) to $250 from $225 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm notes that the company’s bookings for 2025 are strong, while its design win activity also remains healthy across all key products, the analyst tells investors in a research note.