New 'ThinTouch' Keyboard has Potential to Double Size of Synaptics (SYNA) - Sterne Agee
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Price: $43.12 +0.65%
Rating Summary:
9 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
9 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade SYNA Now!
Today Sterne Agee reiterated a Buy rating on Synaptics (NASDAQ: SYNA) and raised the price target to $33.00 (from $31.00). Comments from analyst Shaw Wu point to a huge growth opportunity.
"Yesterday SYNA held a fairly well attended analyst meeting in San Jose, CA," said Wu. "While these types of events are usually not big catalysts, we believe management did a great job articulating its growth strategy, particularly with its two new acquisitions. We are particularly intrigued with the ThinTouch keyboard opportunity which we believe could potentially double the company's size. Due to our higher conviction in its growth prospects, we are raising our price target to $33 (from $31)."
For an analyst ratings summary and ratings history on Synaptics click here. For more ratings news on Synaptics click here.
Shares of Synaptics closed at $29.30 yesterday, with a 52 week range of $21.97-$39.89.
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"Yesterday SYNA held a fairly well attended analyst meeting in San Jose, CA," said Wu. "While these types of events are usually not big catalysts, we believe management did a great job articulating its growth strategy, particularly with its two new acquisitions. We are particularly intrigued with the ThinTouch keyboard opportunity which we believe could potentially double the company's size. Due to our higher conviction in its growth prospects, we are raising our price target to $33 (from $31)."
For an analyst ratings summary and ratings history on Synaptics click here. For more ratings news on Synaptics click here.
Shares of Synaptics closed at $29.30 yesterday, with a 52 week range of $21.97-$39.89.
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