Synaptics Stock: A Deep Dive Into Analyst Perspectives (6 Ratings)
Portfolio Pulse from Benzinga Insights
Synaptics (NASDAQ:SYNA) has received diverse analyst ratings in the last three months, with a shift towards more bullish perspectives in the last 30 days. The average 12-month price target for SYNA is $124.83, reflecting a 3.59% increase from the previous target. Despite the positive analyst sentiment, Synaptics faces economic challenges, including a significant revenue decline of -46.95% as of September 30, 2023, and below-average profitability metrics.
February 09, 2024 | 8:00 pm
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Synaptics has seen a shift towards more bullish analyst ratings, with an updated average 12-month price target of $124.83. However, the company is grappling with significant economic challenges, including a steep revenue decline and below-average profitability metrics.
The increase in bullish analyst ratings and the raised price target suggest a positive short-term outlook for Synaptics' stock. However, the significant economic challenges faced by the company, including a substantial revenue decline and below-average profitability metrics, could temper investor enthusiasm and lead to a neutral short-term impact on the stock price. The analysis balances the positive sentiment from analysts with the underlying economic difficulties.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100