Sep. 17 at 10:51 AM
$SITM SiTime initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Joseph Moore initiated coverage of SiTime with an Overweight rating and
$370 price target. The firm says the opportunity in timing continues to expand. Timing provides the clock signals that tell electronic systems when to process and move data, the analyst tells investors in a research note. Morgan Stanley believes SiTime is a pure-play in the precision timing portion of the market. The company's addressable market has expanded from
$1B in 2020 to
$4B today, Morgan Stanley adds.
