Synaptics price target raised to $100 from $95 at Wells Fargo

Wells Fargo raised the firm’s price target on Synaptics (SYNA) to $100 from $95 and keeps an Overweight rating on the shares. The firm has updated its bottom-up Semi industry model and reviewed key themes ahead. Wells would highlight Industrial and Electrical leading AI indicators, AI token-driven supply / demand model, and WFE die-to-wafer models.