Stifel Maintains Buy on SiTime, Raises Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg has reaffirmed a Buy rating on SiTime (NASDAQ:SITM) and increased the price target from $135 to $150.
January 02, 2024 | 7:23 pm
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Stifel analyst Tore Svanberg maintains a Buy rating on SiTime and raises the price target to $150, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100