Synaptics Incorporated (SYNA) Price Target Cut to $80 by TD Cowen

Synaptics Incorporated's Q3 2025 net revenues were $266.6 million, exceeding expectations due to improving IoT revenues. TD Cowen reduced the company's price objective to $80 from $100, but maintained a "Buy" rating. The firm noted healthy backlog and order linearity, but warned of potential demand softness. Synaptics' strategic initiatives in the IoT market have been gaining traction, and the company has rolled out new products to strengthen its portfolio.