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On Thursday, Raymond (NSE:RYMD) James analyst Chris Caso increased the price target for SiTime Corp. (NASDAQ:SITM) to $250 from the previous $215, while maintaining an Outperform rating on the company’s shares. The adjustment came after SiTime reported its December quarter results, which signaled a return to a strong performance pattern. The company’s stock has already demonstrated remarkable momentum, gaining over 96% in the past six months. According to InvestingPro data, analyst targets now range from $180 to $275, with six analysts recently revising their earnings expectations upward.
SiTime, known for its precision timing solutions, has seen a resurgence in growth, attributed to securing new design wins in rapidly expanding markets, particularly data centers. This growth has been complemented by a recovery in more seasonal traditional markets. The company’s recent financial results showcased significant operating leverage, with quarterly revenue growth of approximately 18% leading to a 24% increase in profits. InvestingPro analysis indicates strong financial health, with a current ratio of 5.75 and more cash than debt on its balance sheet.
The analyst highlighted the company’s efficient operational model, which is expected to sustain its robust leverage as revenue growth outstrips operational expenditure (opex) expansion. For the current year, Raymond James anticipates a conservative estimate of 25% year-over-year revenue growth, which could result in more than double the profit leverage.
The optimistic outlook is further supported by SiTime’s success in securing high-value designs for high-performance applications. With these achievements, Raymond James expects SiTime to maintain strong annual growth, which should translate into substantial returns and continued earnings growth for the company and its shareholders.
In other recent news, SiTime Corp. has seen an upgrade from Needham analysts, raising the stock target from $225 to $250, maintaining a buy rating. This adjustment follows SiTime’s recent financial performance that exceeded expectations and included a positive forecast for the year ahead. The company, known for its precision timing solutions, has reported strong bookings for 2025, with a goal of achieving 25-
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