
Synaptics (SYNA) Stock Forecast & Price Target
Synaptics (SYNA) Analyst Ratings
Bulls say
Synaptics Inc. is poised for growth as management anticipates increased adoption of UPD technology, which is expected to enhance power savings and value for customers. The Enterprise & Automotive segment demonstrated a 17% year-over-year growth, underpinned by strengthening enterprise bookings and orders, while a shift towards the CoreIoT and automotive markets is expected to bolster revenue growth and operating margins. Additionally, the company's new management is expected to effectively guide a strategic transformation, further supported by improved visibility, backlog, and bookings, indicating a robust outlook for the future.
Bears say
Synaptics Inc. faces several fundamental challenges that contribute to a negative outlook on its stock. The company has experienced a significant downturn in its Mobile segment, with a 25% year-over-year decline attributed to decreasing market share, pricing pressures, and diminishing consumer demand exacerbated by weaker IT budgets. Additionally, despite a reported non-GAAP gross margin of 53.6%, the substantial drop in cash reserves—down $258 million from the previous quarter—indicates financial strain and potential instability within its operations.
This aggregate rating is based on analysts' research of Synaptics and is not a guaranteed prediction by Public.com or investment advice.
Synaptics (SYNA) Analyst Forecast & Price Prediction
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