SYNA...Synaptics +5.6% after "upbeat" analyst day, analyst comments...
(From Seeking Alpha)...
Dec. 13, 2017 3:47 PM ET|About: Synaptics Incorporated (SYNA)|By: Brandy Betz, SA News Editor Synaptics (NASDAQ:SYNA) shares are up 5.6% after yesterday’s analyst day was “upbeat.”
Mizuho says Synaptics was optimistic about its acquisitions and IoT opportunities during the event. The company mentioned successes in its in-display fingerprint sensor.
Mizuho rates Synaptics at Neutral with a $42 price target.
Cowen raises its price target from $53 to $58 as Synaptics’ mid-term target has operating margins above the firm’s expectations.
Cowen calls Synaptics “significantly undervalued” and expects multiple OEM launches next year with higher ASPs than past products.
Stifel notes that the company’s total addressable market is now over $10.6B, up from $7.9B before the recent acquisitions.
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