Peeling Back The Layers: Exploring Synaptics Through Analyst Insights
Portfolio Pulse from Benzinga Insights
Analysts have recently lowered their price targets for Synaptics (NASDAQ:SYNA), reflecting a decrease in the average 12-month price target from $113 to $93. Despite positive financial metrics like a high net margin and ROE, Synaptics' revenue growth lags behind industry peers. The company's market cap is below industry averages, and it maintains a prudent debt management strategy.
October 08, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Analysts have lowered their price targets for Synaptics, with the average target dropping from $113 to $93. This reflects a more cautious outlook despite the company's strong financial metrics like high net margin and ROE. Synaptics' revenue growth is positive but lags behind industry peers.
The lowering of price targets by multiple analysts indicates a bearish sentiment, which is likely to negatively impact the stock price in the short term. Despite strong financial metrics, the reduced price targets suggest concerns about future growth prospects, especially as revenue growth lags behind peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100