Synaptics price target raised to $180 from $125 at Rosenblatt

Rosenblatt analyst Kevin Cassidy raised the firm’s price target on Synaptics (SYNA) to $180 from $125 and keeps a Buy rating on the shares after Google Research and Synaptics announced a Synaptics Astra SL2610-based development platform, Coralboard, during Google (GOOGL) I/O 2026. The firm sees this partnership accelerating the adoption of Synaptics’ Astra Family and expects this family of processors to be accretive to corporate gross margin and profitability, the analyst tells investors.