Moderna, JFrog, TransMedics, Ubiquiti And Other Big Stocks Moving Higher On Friday
U.S. stocks rose, Nasdaq gained ~400 points. Moderna jumped 9.1% on strong Q3 results and higher FY26 guidance; other stocks rallied on results and deals.
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U.S. stocks rose, Nasdaq gained ~400 points. Moderna jumped 9.1% on strong Q3 results and higher FY26 guidance; other stocks rallied on results and deals.
Analysts upgraded Centrus Energy, SiTime, MGE Energy, Steven Madden and Becton Dickinson, with new or higher price targets.
Seaport Global has upgraded SiTime Corporation's stock rating from Neutral to Buy, setting a price target of $425.
SiTime Corporation (SITM) reported Q3 revenues of $298.7 million, exceeding expectations, with Q4 guidance of $331-$341 million. AI networking demand drove 202% growth in core communications revenues to $127.3M. The company's acquired Timing Products Division contributed $86.3M in revenues. However, wafer constraints are expected to persist through 2027, and the company faces supply chain challenges despite a strong $10B opportunity funnel.
SiTime Corporation reported strong third-quarter 2026 financial results, exceeding analyst expectations, and announced a three-for-one forward stock split.
SiTime Corporation reported third-quarter 2026 revenue of $298.7 million and adjusted earnings per share of $4.01, both exceeding analyst expectations.