Synaptics reported better-than-expected Q3 earnings of $0.64 EPS and $247.40m revenue.
Synaptics (NASDAQ:SYNA) reported better-than-expected Q3 earnings of $0.64 EPS, up 8.8% YoY to $247.40m revenue. TD Cowen lowered its target price to $90 and maintains a 'buy' rating, while Wells Fargo and KeyCorp reduced theirs to $95 and $100. Synaptics develops audio, video, data connectivity, and imaging solutions, with a market cap of $2.87bn, P/E of -26.83, and beta of 1.47. Most analysts rate it as a "Moderate Buy" with an average consensus target price of $108.78.
August 11, 2024
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