Synaptics transferred with Buy rating at Needham

Needham analyst Nick Doyle kept a Buy rating on Synaptics (SYNA) with an $80 price target following a transfer of coverage. Synaptics posted a “slight beat and raise” quarter, its fifth straight quarter of year-over-year revenue growth, the analyst tells investors in a research note. The firm says the company isn’t directly impacted by tariffs, and healthy cyclical data points indicate a further recovery.