
Synaptics (SYNA) Stock Forecast & Price Target
Synaptics (SYNA) Analyst Ratings
Bulls say
Synaptics Inc. is demonstrating significant growth, particularly in its Core IoT segment, which reported revenues of $93 million (31% of total revenue) and a year-over-year increase of 53%, reflecting strong performance in wireless connectivity. The Enterprise & Automotive segment also showed resilience with revenues of $161 million (53% of total revenue), indicating consistent demand and slight outperformance against expectations. Overall, the positive outlook is supported by improved revenue growth, better-than-expected gross margins, and strategic advancements under the new management team, which are expected to enhance operating margins in the coming years.
Bears say
The analysis indicates a negative outlook on Synaptics Inc's stock due to several fundamental challenges, including market share loss and slower adoption of its Astra portfolio, compounded by pricing pressure from competitors in the touch business. Furthermore, the company's Core IoT revenue, which came in at $93.2 million, was below expectations and indicated a 10% quarter-over-quarter decline, highlighting issues with growth amid weaker enterprise IT budgets. Additionally, while Synaptics recorded a slight increase in non-GAAP EPS, the expected gross margin was slightly lower than prior estimates, reflecting ongoing operational pressures and financial strain amidst a challenging market environment.
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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