Analysts Have Conflicting Sentiments on These Technology Companies: Gigamon (NYSE: GIMO) and Synaptics Inc (NASDAQ: SYNA)

By Austin Angelo

Analysts have been eager to weigh in on the Technology sector with new ratings on Gigamon (NYSE: GIMO) and Synaptics Inc (NASDAQ: SYNA).

Gigamon (NYSE: GIMO)

Rosenblatt Securities analyst Marshall Senk reiterated a Hold rating on Gigamon (NYSE: GIMO) on April 28 and set a price target of $40. The company’s shares closed last Friday at $31.70, close to its 52-week low of $28.43.

According to TipRanks.com, Senk is a 3-star analyst with an average return of 3.0% and a 66.7% success rate. Senk covers the Technology sector, focusing on stocks such as Palo Alto Networks, Barracuda Networks, and Proofpoint Inc.

Currently, the analyst consensus on Gigamon is Moderate Buy and the average price target is $37.60, representing a 18.6% upside.

In a report issued on April 28, William Blair also downgraded the stock to Hold.
Synaptics Inc (NASDAQ: SYNA)

In a report issued on April 28, Jun Zhang from Rosenblatt Securities reiterated a Buy rating on Synaptics Inc (NASDAQ: SYNA), with a price target of $70. The company’s shares closed last Friday at $54.77.

Zhang wrote:

“We believe panel driver ICs for full screen smartphones and optical finger print sensor solutions will be the main catalysts for 2H17. We expect two to three major Chinese OEMs to start testing Synaptics’ optical fingerprint sensor solution in mid-2017. There might be some potential share gain op- portunities for Synaptics in 2H17.”

According to TipRanks.com, Zhang is ranked 0 out of 5 stars with an average return of -10.6% and a 44.4% success rate. Zhang covers the Technology sector, focusing on stocks such as Chinacache International, Sky-Mobi Limited, and Viavi Solutions.

Currently, the analyst consensus on Synaptics Inc is Moderate Buy and the average price target is $64, representing a 16.9% upside.

In a report issued on April 28, Needham also reiterated a Buy rating on the stock with a $65 price target.

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