Gus Richard, an analyst from Northland Securities, has initiated a new Buy rating on Synaptics (SYNA).
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Gus Richard has given his Buy rating due to a combination of factors that highlight Synaptics’ strong position in the Edge AI market. Synaptics is recognized as a leader in this field, with a robust AI-enabled processor family that has attracted partnerships with major companies like Google. The collaboration with Google, particularly for low-power edge AI applications, underscores the company’s technological prowess and strategic importance in the growing AI landscape.
Furthermore, Synaptics’ IoT business is experiencing significant growth, driven by its wireless products, which have shown impressive growth rates. The company’s recent launch of the Astra SL2600 processor, which integrates Google’s RISC-V-based Coral NPU, positions it well for future growth in multimodal AI applications. This product has already begun securing design wins, and with anticipated revenue contributions starting in the second half of 2026, Synaptics is poised for continued success. These factors collectively support Gus Richard’s Buy rating for Synaptics’ stock.
Richard covers the Technology sector, focusing on stocks such as Camtek, Intel, and Veeco. According to TipRanks, Richard has an average return of 17.8% and a 57.26% success rate on recommended stocks.
In another report released on November 16, Susquehanna also reiterated a Buy rating on the stock with a $95.00 price target.