Wall Street Analysts Predict a 37.73% Upside in Synaptics (SYNA): Here's What You Should Know

Core Viewpoint - Synaptics (SYNA) shares have increased by 30.3% in the past four weeks, closing at $63.79, with a potential upside of 37.7% based on Wall Street analysts' mean price target of $87.86 [1] Price Targets and Analyst Estimates - The mean estimate consists of seven short-term price targets with a standard deviation of $11.85, indicating variability among analysts; the lowest estimate of $80 suggests a 25.4% increase, while the highest target of $105 indicates a potential surge of 64.6% [2] - Analysts' consensus price targets can be misleading, as their ability to set unbiased targets has been questioned [3][7] - Despite the skepticism around price targets, a strong consensus among analysts regarding improved earnings estimates supports the potential upside for SYNA [4][11] Earnings Estimates and Zacks Rank - There has been a positive trend in earnings estimate revisions, with three estimates moving higher in the last 30 days and no negative revisions, leading to a 62.3% increase in the Zacks Consensus Estimate [12] - SYNA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for near-term upside [13]