Synaptics price target raised to $105 from $100 at Needham

Needham raised the firm’s price target on Synaptics (SYNA) to $105 from $100 and keeps a Buy rating on the shares after its Q2 earnings beat. The company is seeing early but sizable traction in robotics, where it sees an opportunity to pair its touch-sensing expertise with connectivity and processing capabilities, the analyst tells investors in a research note.