Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Synaptics (NASDAQ:SYNA) Inc on Thursday, setting a price target of $178, which is approximately 22.19% above the present share price of $145.68.
Rakesh expects Synaptics Inc to post earnings per share (EPS) of $0.39 for the third quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in Synaptics, with an average price target of $165.5.
The analysts price targets range from a high of $200 to a low of $140.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $325.8 million and a net profit of $32.5 million. The company's market cap is $5.13 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 27.0% and a 70.45% 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.