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SYNA Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: Positive momentum from Synaptics' IoT developments could catalyze a price recovery, potentially pushing it towards $85, supported by favorable demand for connected technologies.



Bearish Case: Persistent net losses and high implied volatility suggest deep-rooted issues. Underperformance in product launches could drive SYNA below $65 amid ongoing market uncertainty.



Potential Outcomes:

1. 50% chance: Successful integration with Broadcom boosts stock to $85.

2. 30% chance: Stagnation due to continued financial underperformance keeps SYNA around $72.

3. 20% chance: Major negative surprise takes SYNA down to $65 or below.



Trading Oracle: Consider a bullish debit spread strategy by buying the $75 calls and selling the $80 calls, targeting upside from expected earnings growth. This aligns with a cautiously optimistic outlook and managing risk effectively amidst current volatility.


October 27, 2024


Synaptics Forecast

SYNA        Synaptics

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