
SiTime Corporation (SITM) Stock Forecast & Price Target
SiTime Corporation (SITM) Analyst Ratings
Bulls say
SiTime Corp demonstrated a strong performance in the fourth quarter of 2024, achieving revenues of $68.1 million, representing an 18.0% quarter-over-quarter increase and a substantial 60.6% year-over-year growth, surpassing consensus estimates by 6.4%. The company's gross margins showed resilience, reaching 58.8%, which is 71 basis points higher quarter-over-quarter and exceeding the estimated margin. Additionally, significant growth was observed across its key segments, including a notable 25.9% increase in the Communications/Data Center/Enterprise segment, driven by robust demand in data center applications, indicating a positive outlook for future earnings and revenue growth across diverse industries.
Bears say
SiTime Corp has reported a significant decline in Days of Inventory (DOI), dropping to 249 days in 4Q24 from 487 days in 1Q24, indicating potential issues in inventory management and sales performance. Revenue from its largest customer has masked an overall revenue decline in the segment, with reported numbers falling to $6.8 million in 4Q24, a decrease of 11.1% quarter-over-quarter, signaling weaker demand dynamics. Additionally, the company is facing a sequential decline in gross margins, projected at 57% for 1Q25, combined with a decrease in cash and cash equivalents, raising concerns regarding its financial stability amidst capital expenditures and acquisition-related costs.
This aggregate rating is based on analysts' research of SiTime Corporation and is not a guaranteed prediction by Public.com or investment advice.
SiTime Corporation (SITM) Analyst Forecast & Price Prediction
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