Earlier this month, Synaptics announced the launch of the Astra SL2600 Series, a new lineup of Edge AI processors aimed at enabling cost-effective, intelligent IoT devices across a variety of sectors, powered by its Torq™ Edge AI platform and incorporating the first production deployment of Google’s RISC-V-based Coral NPU.
Additionally, Metirionic GmbH reported successful integration of its advanced 3D localization technology into Synaptics’ Bluetooth portfolio, expanding real-world applications for precise spatial awareness in both Android and Synaptics Astra Embedded Linux IoT systems.
Let’s explore how Synaptics’ Edge AI processor launch and expanded connectivity strengthen its investment narrative in the fast-growing IoT market.
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To see Synaptics as an appealing stock, investors must have confidence in the company’s ability to become a leading supplier for the next wave of intelligent IoT solutions. The recent Astra SL2600 Series launch reinforces Synaptics’ ambitions in Edge AI and could help address the short-term need to strengthen its presence and customer acquisition in core IoT, though significant execution and channel ramp-up risks remain unchanged.
Among the recent news, the integration of Metirionic’s 3D localization into Synaptics’ Bluetooth systems stands out for its direct potential to broaden real-world IoT use cases. This technical progress aligns closely with the company’s push to offer differentiated, bundled solutions that drive customer adoption and improve product relevance, supporting the key catalyst of growing and scalable design wins.
However, against these advancements, investors should remain mindful of the continued risks around Synaptics’ ability to efficiently transition and scale its sales channels, especially given …
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Synaptics’ outlook anticipates $1.4 billion in revenue and $199.2 million in earnings by 2028. This implies a 9.6% annual revenue growth and a $247 million increase in earnings from the current level of -$47.8 million.
Uncover how Synaptics’ forecasts yield a $82.25 fair value, a 15% upside to its current price.
Five individual fair value estimates from the Simply Wall St Community range from US$73.28 to US$115.53, reflecting wide opinion on Synaptics’ outlook. As you consider these views, remember that the success of Synaptics’ new Edge AI initiative depends on its execution in scaling customer adoption, a factor that could reshape the company’s earnings potential.
