Stifel Raises SiTime (SITM) PT as Edge AI Becomes a Reality for 2026 Earnings

SiTime Corporation (NASDAQ:SITM) is one of the best mid-cap growth stocks to buy right now. On January 16, Stifel raised its price target on SiTime to $400 from $360 and maintained a Buy rating. This was announced as Stifel updated its outlook on the analog and processor sectors, and cited returning appetite for analog components as industry inventories stabilize. While large-scale AI data center spending remains strong, the firm highlights Edge AI as a key catalyst that is finally becoming a reality for 2026 earnings.

Furthermore, on January 15, Barclays analyst Tom O’Malley upgraded SiTime Corporation (NASDAQ:SITM) from Underweight to Equal Weight, raising the price target to $360 from $260.

Stifel Raises SiTime (SITM) PT as Edge AI Becomes a Reality for 2026 Earnings

This rating shift reflected the firm’s previous underestimation of SiTime’s strategic evolution and noted that the company effectively transitioned into a primary AI-focused entity. Barclays highlighted that SiTime possesses substantial operating leverage, as the surge in AI demand acts as a dual catalyst for both accelerated sales growth and expanded profit margins.

SiTime Corporation (NASDAQ:SITM) designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the US, Singapore, and internationally.

While we acknowledge the potential of SITM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SITM and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.