Needham lowered the firm’s price target on Synaptics to $110 from $125 and keeps a Buy rating on the shares. The company posted better than expected Q3 results and guided Q4 mostly inline, but the timing into a recovery in the Enterprise business and the associated gross margin benefit remain uncertain, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SYNA:
- Synaptics Earnings Report: Did it Beat Expectations?
- Synaptics (SYNA) Q3 Earnings Cheat Sheet
- Synaptics Astra™ SL-Series Wins Best in Show at Embedded World
- Synaptics to Report Third Quarter Fiscal 2024 Results on May 9, 2024
- Synaptics Astra™ AI-Native IoT Platform Launches with SL-Series Embedded Processors and Machina Foundation Series Development Kit