Synaptics: We See Recent Pullback As Overdone In-Lieu Of Future Growth Opportunities, Says Feltl
In a research report issued today, Feltl and Company analyst Jeffrey Schreiner reiterated a Buy rating on Synaptics (NASDAQ:SYNA) with a $105 price target, which represents a potential upside of 40% from where the stock is currently trading.
Schreiner wrote, “We believe recent pullback in shares of SYNA significantly undervalues future growth opportunities within biometrics/display driver ICs. Current valuation suggests sub 10x forward P/E for a stock which could average non-GAAP EPS growth of ~34% over the next two fiscal years. We believe investors should utilize pullback as opportunity to add to, or initiate, SYNA positions.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Jeffrey Schreiner has a total average return of -6.5% and a 31.9% success rate. Schreiner has a 7.1% average return when recommending SYNA, and is ranked #3199 out of 3313 analysts.