KeyBanc upgrades Synaptics (NASDAQ:SYNA) from Sector Weight to Overweight with a $60 price target, 20% higher than the current share price.
The upgrade occurred after the firm met with Synaptics partners and competitors at #CES18.
Analyst John Vinh calls the company’s smart home opportunity appreciable and says Synaptics is well-positioned in the in-display fingerprint sensing market due to the lack of competition.
Vivo had a smartphone with Synaptics tech on display at CES and Vinh expects follow-on design wins though perhaps not the Samsung Note 9, which looks likely to use a Chinese OEM.
Synaptics shares are up 13.5% to $49.83.
Previously: Forbes reveals OEM using Synaptics" in-display sensor (Dec. 15, 2017)Nguồn: seekingalpha.com