Expert Ratings For Synaptics
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Synaptics (NASDAQ:SYNA) in the latest quarter, with 2 bullish, 1 somewhat bullish, and 1 indifferent rating. The average 12-month price target has decreased to $91.25 from $111.25. Analysts have lowered their price targets, reflecting concerns over Synaptics's financial performance, including a decline in revenue growth and below-industry-average profitability metrics.
August 09, 2024 | 7:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Analysts have mixed ratings for Synaptics, with a lowered average 12-month price target of $91.25, down from $111.25. Financial performance concerns include a 27.34% decline in revenue growth, negative net margin, and below-industry-average ROE and ROA.
The lowered price targets and mixed ratings from analysts indicate a bearish short-term outlook for Synaptics. The company's declining revenue growth, negative net margin, and below-industry-average ROE and ROA contribute to this negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100