SiTime Corporation (NASDAQ:SITM) is listed as one of the 10 best NASDAQ growth stocks to buy for the next 10 years. UBS analyst Timothy Arcuri raised the firm’s price target on SiTime from $375 to $430 with a Buy rating, suggesting a 20% upside from the current level. Barclays also upgraded the stock and raised the price target from $260 to $360 due to improved prospects in AI ventures driving margin improvement and revenue expansion.

SiTime Corporation is a developer, seller, and designer of silicon timing systems solutions, offering various oscillators and clock integrated circuits. The company, founded in 2003, is based in Santa Clara, California. Analysts believe SiTime has real exposure to AI and a unique solution in MEMS timing, positioning the company to benefit from trends in Credo Technology’s active electric cable and Nvidia’s switching.

While SiTime shows promise as an investment, some AI stocks may offer greater upside potential with less downside risk. Investors seeking undervalued AI stocks can explore further opportunities in the market. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Analysts Continue to Raise SiTime Corporation’s (SITM) Target Price