Core Viewpoint - Deutsche Bank has initiated coverage on Synaptics Incorporated (NASDAQ:SYNA) with a Buy rating and a price target of $85, highlighting a positive outlook as the company transitions from a mobile-centric focus to a broader provider of connectivity and processor solutions across various industries [1][2]. Group 1: Revenue and Market Position - Synaptics has reduced its mobile revenue concentration from approximately 40% and customer concentration with Apple Inc. from about 30% of sales, indicating a strategic shift towards diversification [2]. - The investment bank anticipates that Synaptics' revenue, margin, and EPS growth will accelerate, driven by the core IoT segment and cyclical rebounds in the Enterprise and Auto segments [3]. Group 2: Product Offerings - Synaptics designs and sells custom semiconductor solutions for a variety of applications, including human-machine interfaces and AI-native embedded computing, positioning itself in high-growth areas of technology [3].