Small-Cap Stock with Big AI Potential! Barclays Upgrades SiTime (SITM.US) to 'Hold,' Target Price Soars to $360

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Barclays issued a research report, upgrading its rating on analog chipmaker SiTime Corp (SITM.US) from "Underweight" to "Equal Weight," and raising its price target from $260 to $360. Barclays analyst Tom O'Malley wrote in a note to clients, "This small-cap company indeed has exposure to artificial intelligence business and possesses superior solutions in the MEMS timing market. Its Communications, Enterprise, and Datacenter (CED) business is forecast to grow 46% and 34% year-over-year in the 2026/27 calendar years, respectively." "The company is entering a 'multi-billion dollar addressable market' with better solutions and is continuously enriching its product portfolio (such as clocks). Simultaneously, they are benefiting from Credo Technology's (CRDO.US) Active Electrical Cables (AEC) and NVIDIA's (NVDA.US) switch business, which are the two trends we favor the most."

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