
Synaptics (SYNA) Stock Forecast & Price Target
Synaptics (SYNA) Analyst Ratings
Bulls say
Synaptics Inc. has demonstrated strong revenue growth within its Core IoT segment, generating $93 million, which represents 31% of total revenue and a year-over-year increase of 53%. The company shows promising potential as its diversified product mix shifts toward higher-growth areas such as Core IoT and automotive solutions, indicating an improved revenue growth outlook and operating margin profile. Additionally, the new management team's strategic transformation efforts and the positive trajectory of Astra sampling further support the upward revisions of revenue estimates for FY27 and FY28.
Bears say
Synaptics Inc. is facing significant challenges, including a loss of market share and slower-than-anticipated adoption of its Astra portfolio, alongside pricing pressures within its touch business due to competition from Asian firms. The company's core IoT segment reported a revenue decline of 10% quarter-over-quarter, falling short of both internal estimates and consensus expectations, indicating a potential inability to capture growth in adjacent markets. Additionally, a slight decrease in expected non-GAAP gross margin and a reduction in cash reserves highlight the financial strain, particularly when considering the significant exposure to consumer spending amid a sluggish recovery in enterprise IT budgets.
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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