SiTime is trading 11.15% up now at $390.51 after Seaport upgraded its rating from Neutral to Buy and set a $425 price target, describing the sell-off as overdone and a buying opportunity.
- Semiconductor stocks are rebounding following Thursday’s sharp AI-related sell-off; sector strength supports the rally but does not explain SiTime’s gain by itself.
- SiTime’s recent strong earnings provide background, while the upgrade is the clearest company-specific catalyst.