In a report released today, Christopher Rolland from Susquehanna reiterated a Buy rating on Synaptics, with a price target of $95.00.
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Christopher Rolland has given his Buy rating due to a combination of factors including Synaptics’ promising performance in the Core IoT sector and the early signs of recovery in the Enterprise market. The company’s recent results exceeded expectations, particularly in wireless and processor segments, and its new Wi-Fi 7 products are gaining traction across various end markets. Additionally, Synaptics has started sampling its new Edge AI-native Astra processors, developed in collaboration with Google, which have already secured design wins and are expected to generate revenue in the second half of 2026.
Furthermore, Synaptics is working on a new processor that integrates MCU, Wi-Fi 7, and Bluetooth capabilities, anticipated to sample in the second half of 2026 and contribute to revenue in 2027. Despite some challenges in the Automotive and Mobile sectors, the company is seeing positive developments in the PC market and has secured multiple design wins for its next-generation touch controller with a leading Android OEM. These factors, along with management’s optimistic outlook on future opportunities, underpin Rolland’s Buy rating for Synaptics.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $90.00 price target.