Goldman Sachs Starts SiTime Corp. (SITM) at Buy

Goldman Sachs analyst James Schneider initiates coverage on SiTime Corp. (NASDAQ: SITM) with a Buy rating and a price target of $420.00.

The analyst comments "We initiate coverage of SITM with a Buy rating and a 12-month price target of $420. We view SiTime as the leading provider of silicon-based precision timing solutions, and the only pure-play MEMS timing company at scale positioned to benefit from a long-term industry shift from quartz to silicon timing. We see growth powered by three main catalysts: (1) a secular shift from quartz to silicon based timing; (2) a growing opportunity at Apple (SiTime's largest customer); (3) tailwinds from AI datacenter buildouts, where its products are becoming increasingly more important. Taken together, we view SiTime as a unique blend of technology leadership, diversified end market exposure, and long-duration growth visibility. We believe the Street (Visible Alpha Consensus) doesn't yet properly reflect the rate at which revenue and EPS can grow (i.e. >40%/>60%, respectively) throughout our forecast period; we are on average ~20% above the Street on non-GAAP EPS (excl. SBC) estimates in 2026/27."

For an analyst ratings summary and ratings history on SiTime Corp. click here. For more ratings news on SiTime Corp. click here.

Shares of SiTime Corp. closed at $362.05 yesterday.

You May Also Be Interested In

• Citi Upgrades Grupo Aeroportuario del Pacifico SAB de CV (GAPB:MM) (PAC) to Buy
• Boxabl completes SPAC merger, begins trading on Nasdaq at $3.5B value
• Trump: I asked Darline Graham to run for U.S. senate in special Republican primary on Tuesday, August 11