SiTime price target raised to $205 from $140 at Roth MKM

Roth MKM raised the firm’s price target on SiTime (SITM) to $205 from $140 and keeps a Buy rating on the shares. At the OCP Summit 2024, the firm was “encouraged” to see the company’s participation in the OCP’s data center timing appliance effort, which it believes can provide incremental CED segment revenue opportunity over time, the analyst tells investors in a research note. SiTime’s differentiated MEMS timing products are also well suited for the demanding Gen AI infrastructure, the firm added.