What Made Oppenheimer Upgrade Synaptics’ Stock?

Oppenheimer analyst Martin Yang upgraded Synaptics (SYNA) to Buy today and set a price target of $140.00. The company’s shares closed last Thursday at $106.87, close to its 52-week high of $108.01.

According to TipRanks.com, Yang is a 2-star analyst with an average return of 4.3% and a 57.9% success rate. Yang covers the Technology sector, focusing on stocks such as QuickLogic, MagnaChip, and Corning.

Currently, the analyst consensus on Synaptics is a Strong Buy with an average price target of $124.63, which is a 19.5% upside from current levels. In a report released today, Susquehanna also reiterated a Buy rating on the stock with a $135.00 price target.

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The company has a one-year high of $108.01 and a one-year low of $44.41. Currently, Synaptics has an average volume of 493.5K.

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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.

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