Is Synaptics’ 26% Drop an Opportunity or a Red Flag?
Wall Street's obsession with short-term earnings guidance has pushed shares of Synaptics (NASDAQ: SYNA) down 26% in the last month to 52-week lows after the company's fourth-quarter results for fiscal 2017 failed to excite investors. The human solutions interface provider met estimates, but investors and analysts took issue with the guidance that was hurt by weak demand in the mobile business.
Savvy investors shouldn't get discouraged by the short-term troubles at Synaptics as the chipmaker is capable of tapping certain secular growth trends. Let's take a look.
Image Source: Synaptics
Source: Fool.com
Apple Inc. Stock
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Currently there is a rather positive sentiment for Apple Inc. with 148 Buy predictions and 17 Sell predictions.
With a target price of 227 € there is a slightly positive potential of 9.61% for Apple Inc. compared to the current price of 207.1 €.
