Stifel Raises SiTime (SITM) PT as Edge AI Becomes a Reality for 2026 Earnings

Core Viewpoint - SiTime Corporation (NASDAQ:SITM) is recognized as a promising mid-cap growth stock, with recent upgrades in price targets from analysts indicating strong future potential driven by AI demand and strategic evolution in the company [1][2][3]. Analyst Upgrades - Stifel raised its price target on SiTime to $400 from $360 while maintaining a Buy rating, citing a recovering appetite for analog components and the stabilization of industry inventories [1]. - Barclays upgraded SiTime from Underweight to Equal Weight, increasing its price target to $360 from $260, reflecting a positive shift in outlook for the company [2]. Strategic Evolution - The upgrades from analysts reflect a recognition of SiTime's transition into a primary AI-focused entity, with significant operating leverage that positions the company to benefit from the surge in AI demand [3]. - The anticipated growth in Edge AI is highlighted as a key catalyst for SiTime's earnings in 2026, indicating a strategic alignment with emerging technology trends [1][3]. Market Position - SiTime designs, develops, and sells silicon timing systems solutions across various international markets, including Taiwan, Hong Kong, the US, and Singapore [4].