Synaptics, Stock Rating Reaffirmed by JPMorgan Chase & Co. (SYNA)
Synaptics, (NASDAQ:SYNA)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a research note issued on Tuesday. They currently have a $100.00 price target on the stock, up from their previous price target of $98.00. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 32.29% from the stock’s previous close.
Shares of Synaptics, (NASDAQ:SYNA) traded up 2.27% during mid-day trading on Tuesday, hitting $75.59. The stock had a trading volume of 1,031,091 shares. Synaptics, has a 52 week low of $37.87 and a 52 week high of $93.27. The stock has a 50-day moving average of $85.53 and a 200-day moving average of $67.1. The company has a market cap of $2.723 billion and a P/E ratio of 46.57.
A number of other analysts have also recently weighed in on SYNA. Analysts at ISI Group downgraded shares of Synaptics, from a “sell” rating to a “strong sell” rating in a research note on Friday, July 11th. Separately, analysts at Tigress Financial downgraded shares of Synaptics, from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 11th. Finally, analysts at Sterne Agee raised their price target on shares of Synaptics, from $83.00 to $105.00 in a research note on Thursday, June 19th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Synaptics, currently has a consensus rating of “Buy” and a consensus target price of $83.27.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.