Strong Revenue Growth Forecast for SiTime Corporation Driven by Clock and Timing Devices Segment

Analyst Quinn Bolton of Needham reiterated a Buy rating on SiTime Corporation (SITM – Research Report), boosting the price target to $250.00.

Quinn Bolton’s rating is based on SiTime Corporation’s promising outlook for revenue growth, particularly driven by their Clock and Timing Devices (CED) segment. The company has shown strong bookings for 2025, with management emphasizing a target of 25-30% year-over-year revenue growth. This optimism is further supported by healthy design win activity across key product areas.
While all segments are expected to see growth, the CED segment is projected to experience the most significant increase, estimated at 39% for the year. This growth is largely attributed to robust demand in data center applications and the company’s involvement in various AI ecosystem applications. Despite a slight decline in gross margins due to operational factors, the overall positive outlook led to a raised price target of $250, supporting the Buy rating.

In another report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $265.00 price target.

Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SITM in relation to earlier this year.