Roth Capital analyst Suji Desilva raised the firm’s price target on SiTime (SITM) to $450 from $350 and keeps a Buy rating on the shares. The company reported significant upside in the quarter with very strong CED – Communications, Enterprise and Datacenter – segment growth and guided for continued CED segment growth offsetting broader seasonality, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SITM:
- Morning Movers: Ralph Lauren and Qualcomm sink after earnings
- SiTime price target raised to $450 from $400 at Needham
- SiTime price target raised to $485 from $430 at UBS
- SiTime: Strengthening Fundamentals, Strategic Renesas Acquisition, and Robust Demand Underscore Upside to Raised $450 Target
- SiTime price target raised to $400 from $360 at Barclays