Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Synaptics (NASDAQ:SYNA) Inc on Wednesday, setting a price target of $90, which is approximately 9.52% above the present share price of $82.18.
Rakesh expects Synaptics Inc to post earnings per share (EPS) of $0.15 for the third quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Synaptics, with an average price target of $90.75.
The analysts price targets range from a high of $100 to a low of $77.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $328.1 million and a net profit of $25.3 million. The company's market cap is $2.8 billion.
According to TipRanks.com, Mizuho Securities analyst Vijay Rakesh is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 20.6% and a 65.22% success rate.
Synaptics, Inc. engages in the development, marketing, and sale of human interface semiconductor solutions for electronic devices and products. It specializes in custom-designed human interface that enable people to interact with mobile computing, communications, entertainment, and other electronic devices. It operates through the following geographical segments: China, Japan, United States, South Korea, Taiwan, and Other. The company was founded by Federico Faggin and Carver A. Mead in March 1986 and is headquartered in San Jose, CA.