Should I Buy SYNA? SYNA 2026 Analysis

Should You Buy Synaptics Inc (SYNA) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

89.230

1 Day change

2.20%

52 Week Range

95.080

Analysis Updated At

2026/01/30

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Not a good buy right now. SYNA is sitting just above key support (~82.16) after a sharp -3.94% regular-session drop, while momentum is still deteriorating (MACD histogram negative and expanding). With no Intellectia buy signals today/recently and options positioning leaning defensive (put-heavy open interest), the higher-probability setup is to wait for confirmation of a base/reversal rather than buy immediately. Analysts are bullish into 2026, but the latest quarter shows revenue growth with worsening profitability/margins, and earnings on 2026-02-05 is the next major catalyst that can move the stock either way.

Technical Analysis

Trend/momentum is bearish near-term. MACD histogram is -0.814 and negatively expanding, indicating downside momentum is increasing rather than stabilizing. RSI(6) at ~35.3 is near the lower end of neutral (approaching oversold), which can allow for a bounce, but it is not a confirmed reversal signal by itself. Moving averages are converging, consistent with a potential basing process, but price action is currently below the pivot (86.96), implying sellers still control the tape. Key levels: Support S1 ~82.16 (current post-market ~82.54 is only slightly above it) then S2 ~79.20; Resistance/pivot 86.96, then 91.75. A sustained reclaim of ~86.96 would be the first cleaner technical improvement; losing ~82.16 increases odds of a move toward ~79.20.

Intellectia Proprietary Trading Signals:

AI Stock Picker: No signal on given stock today.
SwingMax: No signal on given stock recently.

Options Data

Bearish

Open Interest Put-Call Ratio

Neutral

Option Volume Put-Call Ratio

Options sentiment is slightly bearish/defensive: open interest put/call is 1.23 (more puts than calls outstanding), while today’s put/call volume is 1.0 (balanced flow). Implied volatility is elevated vs its own history (IV percentile ~69.6; 30D IV ~54.8 vs HV ~51.4), consistent with traders paying up for protection/event risk. Volume is not extreme (34 contracts) but open interest is sizable (total OI ~8,478), suggesting positioning matters more than today’s flow. Net read: market is hedged into upcoming catalysts and not signaling strong upside conviction at this moment.

Technical Summary

Sell

Buy

Positive Catalysts

Upcoming earnings (2026-02-05 after hours) can reset expectations if margins/guide improve.
Analyst tone is notably constructive into 2026 (multiple target raises, top-pick call) and could support dips if results cooperate.
If price holds ~82 and reclaims the 86.96 pivot, a technical mean-reversion bounce toward ~91.75 becomes more plausible.

Neutral/Negative Catalysts

Near-term technical momentum is still worsening (MACD negative and expanding) after a -3.94% selloff; risk of support failure below ~82.
Options positioning shows defensive skew (OI put/call 1.
and elevated IV, consistent with uncertainty into earnings.
Fundamentals in the latest quarter show profitability pressure (net loss, EPS decline, and gross margin down YoY), which can cap rallies unless guidance clearly inflects.

Financial Performance

Latest quarter: 2026/Q1. Revenue grew to $292.5M (+13.5% YoY), which is constructive on the top line. However, profitability worsened: net income was -$20.6M (more negative YoY), EPS was -0.53 (down YoY), and gross margin fell to ~40.99 (down ~9.79% YoY). Net: growth is present, but the quality of that growth is currently pressured by margin compression and losses—important heading into the next earnings report (2026-02-05).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent trend is clearly positive: multiple firms raised price targets and maintained/initiated bullish ratings.

Susquehanna (2026-01-22): PT raised to $105 (Positive), citing a steadying upcycle.
Mizuho (2026-01-09): PT raised to $94 (Outperform), sees attractive semi valuations into 2026.
Northland (2025-12-29): PT raised to $106 (Outperform) and named SYNA a top pick for 2026, highlighting AI-enabled wearables ramp in 2H26.
Wells Fargo (2025-12-19): Initiated Overweight with $95 PT, expects positive catalysts from IoT transition and pipeline updates. Wall Street pros: strong multi-firm conviction, higher targets, theme support (IoT/AI wearables), potential valuation rerating. Wall Street cons: near-term end-market mixed (auto challenged) and the company’s recent margin/profitability deterioration raises execution risk. Other flows: Hedge funds and insiders are neutral (no significant recent trend). Politicians/congress: no recent congress trading data available in the last 90 days.

SYNA Should I Buy