Key Takeaways:
- SiTime Corp. (SITM, Financial) stock surged 20% due to its components being featured in Apple's iPhone 16e.
- Wall Street analysts see an average target price of $240.17, indicating a potential upside from current levels.
- The stock is currently rated as "Outperform" by analysts, with a GF Value suggesting further growth.
SiTime Corp. (SITM), a leader in precision-timing technology, has captured investor attention with its recent 20% stock price surge. This uptick follows the exciting news that Apple's iPhone 16e integrates SiTime's cutting-edge components. By leveraging advanced silicon technology, SiTime is reshaping the landscape of traditional timing devices, resulting in a notable increase in share value.
Wall Street Analysts Forecast
According to insights from seven prominent analysts, SiTime Corp. (SITM, Financial) is projected to reach an average target price of $240.17. With high projections of up to $275.00 and lows around $180.00, there's a promising upside of 60.44% compared to its current market value of $149.70. Investors can delve deeper into these projections on the SiTime Corp (SITM) Forecast page.
The consensus from seven key brokerage firms positions SiTime Corp. (SITM, Financial) with an average recommendation of 2.1, showcasing an "Outperform" status. On the rating scale of 1 to 5, where 1 is a Strong Buy and 5 a Sell, this places SiTime in a favorable light.
GuruFocus's estimates suggest SiTime Corp (SITM, Financial) has a GF Value for the coming year of $177.31, indicating a prospective upside of 18.44% from its current position at $149.7. This GF Value represents GuruFocus’s calculated fair trade value, based on historical stock multiples and projected business growth. For more comprehensive data, the SiTime Corp (SITM) Summary page offers additional insights.
