Synaptics Price Target Raised to $67.00 at Stifel Nicolaus (SYNA)
Investment analysts at Stifel Nicolaus increased their price objective on shares of Synaptics (NASDAQ:SYNA) from $57.00 to $67.00 in a note issued to investors on Tuesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 19.69% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Feltl & Co. raised their price target on shares of Synaptics from $48.00 to $52.00 in a research note to investors on Thursday, January 9th. They now have a “hold” rating on the stock. Separately, analysts at Zacks upgraded shares of Synaptics from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 8th. They now have a $56.40 price target on the stock. Finally, analysts at Cross Research initiated coverage on shares of Synaptics in a research note to investors on Monday, December 9th. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $53.80.
In other Synaptics news, SVP Hing Chung Wong unloaded 5,100 shares of Synaptics stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.50, for a total value of $277,950.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Synaptics Incorporated is a developer and supplier of custom-designed human interface solutions that enable people to interact with a range of mobile computing, communications, entertainment, and other electronic devices.
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