October 2, 2026
Analyst Bio:
Rosenblatt raised its price target on Synaptics Inc. (NASDAQ:SYNA) to $123 from $115 while maintaining a Neutral rating on Wednesday. The stock currently trades at $106.15 and has delivered a strong 56% return over the past year.
The firm noted that recent transactions reflect a strategic trend of analog and mixed-signal companies acquiring smaller companies with Physical AI capabilities. The relevant technology stack includes wireless connectivity, sensors, edge-AI-capable and highly power-efficient NPUs, sensor-fusion software, and real-time embedded processing.
Rosenblatt cited potential manufacturing synergies from bringing selected Synaptics products into onsemi’s internal fabs based on discussions with onsemi management.
