Analysts Offer Insights on Consumer Goods Companies: Synaptics Inc (NASDAQ: SYNA) and Infinera (NASDAQ: INFN)

By Carrie Williams

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Synaptics Inc (NASDAQ: SYNA) and Infinera (NASDAQ: INFN).

Synaptics Inc (NASDAQ: SYNA)

Rosenblatt Securities analyst Jun Zhang maintained a Hold rating on Synaptics Inc (NASDAQ: SYNA) on May 10 and set a price target of $48. The company’s shares closed on Friday at $42.33.

Zhang noted:

“We think Synaptics will have ASP increases for the LCD model with Chip on Film solution at Apple (AAPL: Buy) during the second half of the year, but we are unsure if most of the incremental ASP growth will pass through to the top- line. Revenue may see some growth at 2nd half of CY2018, along with slight gross margin improvement. The TDDI business, among the android market, faces some pricing pressure in the 2nd half of 2018. We con- tinue to maintain our neutral rating on the stock until we have a better idea about whether Apple will keep the LCD model for the 2nd half of 2019. We raise our price target from $36 to $48, based on FY2019 EPS of $4.73. Be- cause of the uncertainty on Apple’s panel strategy, we value the stock at 10x FY2019 PE.”

According to TipRanks.com, Zhang is a 1-star analyst with an average return of -3.7% and a 51.2% success rate. Zhang covers the Consumer Goods sector, focusing on stocks such as Himax Technologies, Lumentum Holdings, and NeoPhotonics.

Currently, the analyst consensus on Synaptics Inc is Moderate Buy and the average price target is $53.20, representing a 25.7% upside.

In a report issued on May 9, Oppenheimer also assigned a Hold rating to the stock.

See today’s analyst top recommended stocks >>

Infinera (NASDAQ: INFN)

In a report issued on May 10, Marshall Senk from Rosenblatt Securities maintained a Buy rating on Infinera (NASDAQ: INFN), with a price target of $13. The company’s shares closed on Friday at $10.16.

According to TipRanks.com, Senk is a 5-star analyst with an average return of 29.2% and a 82.1% success rate. Senk covers the Technology sector, focusing on stocks such as Proofpoint Inc, Carbonite Inc, and Synacor Inc.

Currently, the analyst consensus on Infinera is Moderate Buy and the average price target is $12.29, representing a 21.0% upside.

In a report issued on May 10, Drexel Hamilton also maintained a Buy rating on the stock with a $13 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.