SiTime Reaches Analyst Target Price
November 20, 2020 at 08:04 AM EST
In recent trading, shares of SiTime Corp (SITM) have crossed above the average analyst 12-month target price of $81.83, changing hands for $82.21/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..