Rosenblatt Securities has increased its price target for Synaptics (NASDAQ: SYNA) from $95.00 to $125.00, according to a report released on Friday. The firm maintains a buy rating on the company’s stock. Other research firms, including Susquehanna, have also recently updated their outlooks on Synaptics.
The revised price target reflects Rosenblatt’s positive view on Synaptics’ growth potential and market position in the software and semiconductor industry.
**Why this matters**
Price target adjustments can influence investor sentiment and trading activity. An increase in target price often signals confidence in the company’s future performance, which may attract additional interest from investors.
Source: NewsData