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Investing.com - SiTime Corporation (NASDAQ:SITM), currently trading with a market capitalization of $7.23 billion, received a price target increase from Stifel on Wednesday, following the company’s launch of its new Titan Platform. According to InvestingPro data, the stock has shown remarkable momentum, delivering a 77% return over the past year.
Stifel raised its price target on SiTime to $320.00 from $240.00 while maintaining a Buy rating on the stock. The adjustment comes after SiTime announced its entry into the $4 billion resonator market with the Titan Platform on September 17. This optimistic outlook aligns with broader analyst sentiment, as InvestingPro reveals six analysts have recently revised their earnings expectations upward.
The Titan Platform establishes SiTime as the industry’s only provider offering a complete suite of precision timing solutions, including oscillators and clocks. This strategic move immediately expands SiTime’s serviceable addressable market (SAM) by $400 million, representing approximately 10% of the total addressable market. The company’s strong financial position, with a current ratio of 8.54 and impressive revenue growth of 65% in the last twelve months, supports this expansion strategy.
Stifel estimates that SiTime’s SAM in this segment could grow to approximately $1 billion by 2028 through additional product variants and overall resonator market growth. The new platform extends SiTime’s technology leadership while disrupting the legacy $10 billion-plus quartz-based timing market.
The Titan Platform will enable customers to deliver new levels of form, function, and features across various growth applications, including wearables, medical devices, smart home products, and industrial/IoT devices, according to Stifel’s analysis.
In other recent news, SiTime Corporation has seen several notable developments. Raymond James raised its price target for SiTime to $270 from $250, maintaining an Outperform rating. This adjustment reflects increased confidence in the company’s market expansion efforts following discussions with its management team. Stifel also reiterated a Buy rating with a $240 price target, emphasizing SiTime’s programmability advantages, which have resulted in a unique business model in the semiconductor industry. UBS initiated coverage with a Buy rating and a $260 price target, highlighting the company’s growth potential in artificial intelligence applications. Meanwhile, CyTime Corporation reported impressive Q2 2025 financial results, with earnings per share of $0.47, far exceeding the forecasted $0.21. CyTime’s revenue also surpassed expectations, reaching $69.5 million compared to the anticipated $57.79 million. These recent developments reflect a positive outlook for both SiTime and CyTime in the semiconductor industry.
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