Synaptics Shares Pop As Analysts Hail Its Q4 Earnings Beat, Raise Price Target - Synaptics (NASDAQ:SYNA)

Needham analyst Rajvindra Gill raised the price target on Synaptics Inc SYNA to $220 from $200, implying a 50.3% upside, and maintained a Buy rating.
Gill praised Synaptics' Q4 results and gross margins. He adds that Synaptics' earnings have grown 120% over the last three fiscal years and has been one of the best performers in the SOX index with a 51% year-to-date advance.
Synaptics' Q4 sales of $327.8 million beat the analyst consensus of $324.5 million. EPS of $2.18 beat the analyst consensus of $2.00.
Susquehanna analyst Christopher Rolland raised the price target to $180 from $150, implying a 23% upside, and reiterated a Positive.
Rolland believes Synaptics is in the middle innings of successfully executing a bonafide turnaround, with the results as another point of confirmation.
Craig-Hallum analyst Anthony Stoss raised the price target to $175 from $160, implying a 19.5% upside, and kept a Buy rating.
Stoss acknowledged the Q4 earnings beat and the compelling margins.
Rosenblatt raised the price target from $165 to $175 and reiterated a Buy.
BMO Capital analyst Ambrish Srivastava raised the price target to $165 from $140, implying a 12.7% upside, and affirmed a Market Perform after its Q4 earnings beat.
Srivastava hailed the company's solid performance and exceptional gross margin trajectory. However, the stock looks reasonably valued at current levels, he notes.
Price action: SYNA shares traded higher by 15.9% at $169.64 on the last check Friday.

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