Synaptics SYNA: Recent Developments and Analyst Rerating Potential

Synaptics' price target remains steady at $91.82, with a lower discount rate lifting the calculated present value of future cash flows. Analysts have been raising their targets, with Mizuho lifting its target to $94 from $80 and maintaining an Outperform rating. While this suggests positive sentiment, some analysts are cautious, questioning how much credit to give the stock given its ties to slower end markets.