Stifel has revised its price target for SiTime (SITM, Financial), lowering it to $180 from the previous $270, while maintaining a Buy rating on the stock. This adjustment comes as the firm anticipates that the Analog, Connectivity, and Processors group will have results in line with expectations for the March quarter. However, there is a cautionary note about the potential for weaker performance in the June quarter.
The primary concern leading to this change is the impact of tariffs, which are affecting the semiconductor industry more broadly. Stifel suggests that these tariffs—along with their secondary and tertiary effects—are raising the possibility of the industry experiencing a significant cyclical downturn.
These factors contribute to an uncertain outlook as companies prepare for the forthcoming earnings season. Despite the tariff challenges, Stifel's continued Buy rating reflects a belief in the underlying strengths of SiTime, even as the broader industry faces headwinds.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for SiTime Corp (SITM, Financial) is $240.17 with a high estimate of $275.00 and a low estimate of $180.00. The average target implies an upside of 85.06% from the current price of $129.78. More detailed estimate data can be found on the SiTime Corp (SITM) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, SiTime Corp's (SITM, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for SiTime Corp (SITM, Financial) in one year is $177.31, suggesting a upside of 36.62% from the current price of $129.78. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the SiTime Corp (SITM) Summary page.
