SiTime price target raised to $360 from $320 at Stifel

Stifel raised the firm’s price target on SiTime (SITM) to $360 from $320 and keeps a Hold rating on the shares. The company reported a “strong” September print with a materially higher December quarter guide, with sustainable growth on the horizon, the analyst tells investors in a research note. The firm added that it remains encouraged by the company’s materially richer segment mix.