SiTime price target raised to $265 from $230 at Roth MKM

Roth MKM raised the firm’s price target on SiTime (SITM) to $265 from $230 and keeps a Buy rating on the shares. The company reported upside in the Q4 results and Q1 guidance in-line with expected seasonality, reflecting healthy y/y growth across all three key segments, and the firm expects SiTime’s timing content to increase, particularly in data center-related AI infrastructure buildouts, the analyst tells investors in a research note.