SiTime price target raised to $230 from $205 at Roth MKM

Roth MKM analyst Suji Desilva raised the firm’s price target on SiTime (SITM) to $230 from $205 and keeps a Buy rating on the shares. The company reported an upside in the quarter and guidance with strong growth seen across all key segments, and the firm expects SiTime’s timing content to benefit from outsized data center-related AI infrastructure buildouts, the analyst tells investors in a research note.