RedFlow Stock (OTC:REFXF), Trade Ideas

RedFlow Ltd consists of the development, manufacture, and sale of its bromine flowing electrolyte battery module (ZBM). The company's batteries provide sustainable energy storage solutions for various applications, including telecommunications, renewables integration, on and off-grid remote power, microgrids and smart grids, and transmission and distribution deferral. Redflow batteries are designed for high cycle-rate, long time-base stationary energy storage applications in the residential, commercial and industrial, and telecommunications sectors, and are scalable from a single battery installation through to grid-scale deployments.

RedFlow Ltd

<p>HC Wainwright &amp; Co.  analyst Joseph Pantginis   reiterates Cytokinetics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTK#NASDAQ">CYTK</a>) with a Buy and maintains $94 price target.</p>


News

Price Target

Reiteration

Analyst Ratings

CYTK

HC Wainwright & Co. Reiterates Buy on Cytokinetics, Maintains $94 Price Target

<p>Jefferies  analyst Daniel Fannon   maintains KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) with a Buy and lowers the price target from $115 to $113.</p>


Jefferies Maintains Buy on KKR, Lowers Price Target to $113

<p>High-rolling investors have positioned themselves bearish on NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in NTAP often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 8 options trades for NetApp. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 12% bullish and 87% bearish. Among all the options we identified, there was one put, amounting to $51,000, and 7 calls, totaling $715,407.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $125.0 for NetApp over the last 3 months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for NetApp's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of NetApp's whale trades within a strike price range from $100.0 to $125.0 in the last 30 days. </p>
<h3>NetApp Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715283110_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NTAP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$3.1</td>
<td>$3.0</td>
<td>$3.1</td>
<td>$115.00</td>
<td>$162.1K</td>
<td>3.6K</td>
<td>74</td>
</tr>
<tr>
<td>NTAP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$3.1</td>
<td>$2.95</td>
<td>$3.0</td>
<td>$115.00</td>
<td>$149.7K</td>
<td>3.6K</td>
<td>1.1K</td>
</tr>
<tr>
<td>NTAP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$2.9</td>
<td>$2.8</td>
<td>$2.83</td>
<td>$115.00</td>
<td>$134.1K</td>
<td>3.6K</td>
<td>2.7K</td>
</tr>
<tr>
<td>NTAP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$8.8</td>
<td>$8.5</td>
<td>$8.8</td>
<td>$125.00</td>
<td>$110.0K</td>
<td>101</td>
<td>125</td>
</tr>
<tr>
<td>NTAP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$2.95</td>
<td>$2.9</td>
<td>$2.95</td>
<td>$115.00</td>
<td>$91.1K</td>
<td>3.6K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>
</p>
<h3>About NetApp</h3>
<p>NetApp Inc is a leading provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.</p>
<p>After a thorough review of the options trading surrounding NetApp, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Current Position of NetApp</h3>
<ul>
<li>Currently trading with a volume of 1,277,704, the NTAP's price is down by -1.46%, now at $107.88. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 20 days.</li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest NetApp options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

Markets

NTAP

Looking At NetApp's Recent Unusual Options Activity

<p>Financial giants have made a conspicuous bearish move on HubSpot. Our analysis of options history for HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) revealed 34 unusual trades.</p>
<p>Delving into the details, we found 23% of traders were bullish, while 52% showed bearish tendencies. Out of all the trades we spotted, 20 were puts, with a value of $1,140,552, and 14 were calls, valued at $563,292.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $300.0 to $700.0 for HubSpot over the last 3 months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in HubSpot's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to HubSpot's substantial trades, within a strike price spectrum from $300.0 to $700.0 over the preceding 30 days.</p>
<h3>HubSpot Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715283105_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>HUBS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$35.0</td>
<td>$29.0</td>
<td>$35.0</td>
<td>$620.00</td>
<td>$199.5K</td>
<td style="text-align: right;">144</td>
<td style="text-align: right;">18</td>
</tr>
<tr>
<td>HUBS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$46.8</td>
<td>$44.0</td>
<td>$44.0</td>
<td>$620.00</td>
<td>$114.7K</td>
<td style="text-align: right;">144</td>
<td style="text-align: right;">75</td>
</tr>
<tr>
<td>HUBS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$19.6</td>
<td>$18.6</td>
<td>$18.6</td>
<td>$650.00</td>
<td>$90.4K</td>
<td style="text-align: right;">615</td>
<td style="text-align: right;">501</td>
</tr>
<tr>
<td>HUBS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$85.8</td>
<td>$79.0</td>
<td>$83.9</td>
<td>$660.00</td>
<td>$83.7K</td>
<td style="text-align: right;">57</td>
<td style="text-align: right;">13</td>
</tr>
<tr>
<td>HUBS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$110.7</td>
<td>$102.6</td>
<td>$105.85</td>
<td>$690.00</td>
<td>$74.0K</td>
<td style="text-align: right;">28</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About HubSpot</h3>
<p>HubSpot provides a cloud-based marketing, sales, and customer service software platform referred to as the growth platform. The applications are available ala carte or packaged together. HubSpot's mission is to help companies grow better and has expanded from its initial focus on inbound marketing to embrace marketing, sales, and service more broadly. The company was founded in 2006, completed its initial public offering in 2014, and is headquartered in Cambridge, Massachusetts.</p>
<h3>Present Market Standing of HubSpot</h3>
<ul>
<li>With a trading volume of 1,726,128, the price of HUBS is down by -0.49%, reaching $587.14.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 83 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for HubSpot</h3>
<p>In the last month, 5 experts released ratings on this stock with an average target price of $687.0.</p>
<ul>
<li>Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for HubSpot, targeting a price of $700. </li>
<li>Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for HubSpot, targeting a price of $650. </li>
<li>Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on HubSpot with a target price of $655. </li>
<li>Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for HubSpot, targeting a price of $700. </li>
<li>Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $730.</li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for HubSpot with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


HUBS

Looking At HubSpot's Recent Unusual Options Activity

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Datadog</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DDOG, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 28 uncommon options trades for Datadog.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 71% bullish and 21%, bearish.</p>
<p>Out of all of the special options we uncovered, 7 are puts, for a total amount of $486,106, and 21 are calls, for a total amount of $1,444,859.</p>
<h3>Projected Price Targets</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $105.0 to $175.0 for Datadog over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Datadog's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Datadog's substantial trades, within a strike price spectrum from $105.0 to $175.0 over the preceding 30 days.</p>
<h3>Datadog Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715283100_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>DDOG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$4.4</td>
<td>$4.3</td>
<td>$4.3</td>
<td>$115.00</td>
<td>$215.0K</td>
<td>1.1K</td>
<td style="text-align: right;">126</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$10.9</td>
<td>$10.75</td>
<td>$10.85</td>
<td>$120.00</td>
<td>$166.7K</td>
<td>1.0K</td>
<td style="text-align: right;">775</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$8.15</td>
<td>$7.9</td>
<td>$7.95</td>
<td>$175.00</td>
<td>$150.2K</td>
<td>5</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$8.85</td>
<td>$8.75</td>
<td>$8.85</td>
<td>$125.00</td>
<td>$131.7K</td>
<td>478</td>
<td style="text-align: right;">770</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$11.65</td>
<td>$11.5</td>
<td>$11.65</td>
<td>$120.00</td>
<td>$129.3K</td>
<td>1.0K</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Datadog</h3>
<p>Datadog is a cloud-native company that focuses on analyzing machine data. The firm's product portfolio, delivered via software as a service, allows a client to monitor and analyze its entire IT infrastructure. Datadog's platform can ingest and analyze large amounts of machine-generated data in real time, allowing clients to utilize it for a variety of applications throughout their businesses.</p>
<h3>Current Position of Datadog</h3>
<ul>
<li>With a volume of 2,345,951, the price of DDOG is up 0.87% at $118.3. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 89 days.</li>
</ul>
<h3>Expert Opinions on Datadog</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $153.0.</p>
<ul>
<li>In a positive move, an analyst from Wells Fargo has upgraded their rating to Overweight and adjusted the price target to $150. </li>
<li>An analyst from Wedbush downgraded its action to Outperform with a price target of $155. </li>
<li>An analyst from Wedbush downgraded its action to Outperform with a price target of $155. </li>
<li>Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Datadog, targeting a price of $140. </li>
<li>Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $165.</li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Datadog options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


DDOG

Datadog Options Trading: A Deep Dive into Market Sentiment

<p>HC Wainwright &amp; Co.  analyst Emily Bodnar   maintains Olema Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLMA#NASDAQ">OLMA</a>) with a Buy and raises the price target from $25 to $28.</p>


OLMA

HC Wainwright & Co. Maintains Buy on Olema Pharmaceuticals, Raises Price Target to $28

<p>Jefferies  analyst Gerald O'Hara   maintains Carlyle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>) with a Hold and lowers the price target from $49 to $44.</p>


Jefferies Maintains Hold on Carlyle Group, Lowers Price Target to $44

<p>HC Wainwright &amp; Co.  analyst Emily Bodnar   maintains Context Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTX#NASDAQ">CNTX</a>) with a Buy and raises the price target from $4 to $5.</p>


CNTX

HC Wainwright & Co. Maintains Buy on Context Therapeutics, Raises Price Target to $5

<p>Jefferies  analyst Gerald O'Hara   maintains Ares Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARES#NYSE">ARES</a>) with a Hold and lowers the price target from $131 to $127.</p>


ARES

Jefferies Maintains Hold on Ares Management, Lowers Price Target to $127

<p>Jefferies  analyst Daniel Fannon   maintains Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) with a Hold and lowers the price target from $119 to $117.</p>


Jefferies Maintains Hold on Apollo Global Management, Lowers Price Target to $117

<p>HC Wainwright &amp; Co.  analyst Oren Livnat   maintains Avadel Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDL#NASDAQ">AVDL</a>) with a Buy and raises the price target from $25 to $27.</p>


Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

AVDL

HC Wainwright & Co. Maintains Buy on Avadel Pharmaceuticals, Raises Price Target to $27

<p>Jefferies  analyst Dushyant Ailani   maintains Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) with a Buy and lowers the price target from $32 to $26.</p>


Jefferies Maintains Buy on Sunrun, Lowers Price Target to $26

<p>HC Wainwright &amp; Co.  analyst Mitchell Kapoor   reiterates Cartesian Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAC#NASDAQ">RNAC</a>) with a Buy and maintains $54 price target.</p>


RNAC

HC Wainwright & Co. Reiterates Buy on Cartesian Therapeutics, Maintains $54 Price Target

<p>HC Wainwright &amp; Co.  analyst Emily Bodnar   reiterates Sana Biotechnology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANA#NASDAQ">SANA</a>) with a Buy and maintains $12 price target.</p>


SANA

HC Wainwright & Co. Reiterates Buy on Sana Biotechnology, Maintains $12 Price Target

<p>DA Davidson  analyst Brian Holland   maintains Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) with a Buy and raises the price target from $67 to $72.</p>


DA Davidson Maintains Buy on Kellanova, Raises Price Target to $72

<p>TD Securities  analyst Arun Lamba   maintains Wesdome Gold Mines (TSX:<a class="ticker" href="https://www.benzinga.com/stock/WDO#TSX">WDO</a>) with a Buy and lowers the price target from C$13 to C$12.</p>


TSX:WDO

TD Securities Maintains Buy on Wesdome Gold Mines, Lowers Price Target to C$12

<p>DA Davidson  analyst Gil Luria   maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Buy and lowers the price target from $90 to $84.</p>


SHOP

DA Davidson Maintains Buy on Shopify, Lowers Price Target to $84

<p>TD Securities  analyst Mario Mendonca   maintains Manulife Financial (TSX:<a class="ticker" href="https://www.benzinga.com/stock/MFC#TSX">MFC</a>) with a Buy and raises the price target from C$37 to C$38.</p>


TSX:MFC

TD Securities Maintains Buy on Manulife Financial, Raises Price Target to C$38

WIIM

AFRM

Affirm shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight.

<p><strong>SiTime Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SITM#NASDAQ">SITM</a>) shares are trading higher after <strong>Needham </strong>analyst Quinn Bolton <a href="https://www.benzinga.com/quote/SITM/analyst-ratings" target="_blank" rel="noreferrer noopener">upgraded the stock</a> rating from Hold to Buy with a $130 price target.</p>
<p>SiTime posted <a href="https://www.benzinga.com/pressreleases/24/05/g38712747/sitime-reports-first-quarter-2024-financial-results" target="_blank" rel="noreferrer noopener">revenue of $33.0 million</a>, down 13.9% year over year, but above Bolton&#8217;s estimate and the Street&#8217;s $32 million estimate, due to downward trends in customer inventories that resulted in a pickup in order activity. Only the Communication, Enterprise and Data Center (CED) segment grew sequentially, while most weakness came from IoT, Consumer and Mobile, he noted.</p>
<p>Adjusted gross margin was 57.9%, above both Bolton&#8217;s and the Street's estimates of 57.5%. Margins were negatively impacted by lower unit volumes, but this was partially offset by a favorable mix and cost reductions. Adjusted EPS was negative 8 cents, better than Bolton&#8217;s estimate and the Street&#8217;s forecast of negative 15 cents. The beat was driven by high-end revenue and gross margins, along with improved interest income.</p>
<p>The company guided second-quarter revenue to $41.0 million, well above Bolton&#8217;s estimate of $36.0 million and the Street&#8217;s&nbsp;$36.5 million estimate.&nbsp;Growth&nbsp;is expected&nbsp;to come from all segments.</p>
<p>SiTime posted beat and raise results as customer inventories declined and order activity picked up, Bolton noted.&nbsp;</p>
<p>Inventory digestion is dissipating and should be in the rearview mirror post second-quarter as per the analyst. SITM has seen a pickup in bookings so far in the second-quarter that is stronger than they would&#8217;ve expected 90 days ago. </p>
<p>The company currently has good visibility into the&nbsp;third-quarter&nbsp;and he noted visibility is getting back to normal, pre-pandemic levels which supports a stronger calendar second-half 2024.</p>
<p>Management sees year-on-year revenue growth returning to the ~30% Y/Y level in the second quarter of fiscal 2024 to the fourth quarter of fiscal 2024. Bolton is confident about continued growth in fiscal 2025, driven by solid growth and traction in CED.&nbsp;</p>
<p>As visibility improved and revenue growth&nbsp;was set&nbsp;to return to target levels, he upgraded the rating on the SITM stock.</p>
<p><strong>Price Action</strong>: SiTime shares are trading higher by 31% at $127.58 at last check Thursday.</p>
<p><em>Now Read: <a href="https://www.benzinga.com/news/large-cap/24/05/38741108/google-stares-down-largest-tech-antitrust-ruling-in-2-decades-is-at-t-style-breakup-next">Google Stares Down Largest Tech Antitrust Ruling In 2 Decades — Is AT&amp;T-Style Breakup Next?</a></em></p>
<p>Photo: Shutterstock</p>


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