Synaptics (SYNA) Stock Forecast & Price Target

Synaptics is expected to see improved financials under onsemi's ownership, with an estimated $200 million of annual synergies within 18 months of close. With the deal expected to close in mid-2027, there is potential for Synaptics shareholders to receive a fair value of $160 in ON shares. The acquisition adds a broader product portfolio and earnings leverage for both companies, and Synaptics can benefit from ON's strong relationships and distribution channels in the automotive and data center markets. The recent collaboration with Google on Edge AI use cases also positions the Astra product line as a go-to processor for various applications and provides opportunities for accelerated adoption.

Synaptics is poised for growth in the IoT, industrial, robotics, and automotive industries with its advanced solutions in physical AI, wireless connectivity, and human-machine interface. Their partnerships with Google and onsemi will provide the scale and resources necessary to secure and support designs and increase dollar content per platform. At 30x NTM Non-GAAP EPS, our 12-month price target is $180, consistent with other wireless companies such as Texas Instruments' recent acquisition of Silicon Laboratories.