Seaport Global Securities Upgrades SiTime Corp. (SITM) to Buy
Seaport Global Securities analyst Jay Goldberg upgraded SiTime Corp. (NASDAQ: SITM) from Neutral to Buy, setting a price target of $425.00. The upgrade follows a significant 50% drop in SiTime's stock since September 2026, which the analyst believes presents a buying opportunity, despite ongoing concerns about operational scaling and supply constraints. Goldberg noted the company's strong execution and expanding presence in data centers, indicating confidence in its business strength amidst what is perceived as an indiscriminate market sell-off related to the AI cycle.
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