Synaptics (SYNA) has drawn fresh attention after Origin AI and Edgecore Networks each announced collaborations that bring its Astra and Veros platforms into smart home applications, AIoT edge hubs, and CES 2026 demonstrations.

Those Origin AI and Edgecore tie ups arrive as Synaptics’ share price, now at $85.36, shows building momentum, with a 30 day share price return of 10.24% and a 90 day share price return of 22.57%, while the 1 year total shareholder return sits at 13.65%. However, the 3 year and 5 year total shareholder returns of 24.70% and 17.53% declines highlight a more mixed longer term record.

If these intelligent edge moves have caught your eye, it could be a good time to see what else is on the move across high growth tech and AI stocks.

With Synaptics trading at US$85.36, close to a consensus price target of US$88.45 and screens showing a modest value score of 3, is there still mispricing here, or are markets already factoring in future growth?

Most Popular Narrative: 2.1% Undervalued

With Synaptics last closing at US$85.36 against a narrative fair value of about US$87.18, the gap is small but it still points to some upside in that storyline.

The analysts have a consensus price target of $82.25 for Synaptics based on their expectations of its future earnings growth, profit margins and other risk factors. However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $95.0, and the most bearish reporting a price target of just $65.0.

Curious what kind of revenue build, margin shift, and future P/E assumptions sit behind that fair value and price target spread? The full narrative maps out a detailed glide path for sales, profitability, and share count that underpins this view on Synaptics.

Result: Fair Value of $87.18 (UNDERVALUED)

However, the story can change quickly if Synaptics struggles to scale Core IoT sales profitably, or if tougher competition squeezes pricing and delays the margin ramp analysts expect.

Another Take: DCF Sees Things Differently

While the narrative fair value of about US$87.18 suggests Synaptics is mildly undervalued, our DCF model points the other way. At roughly US$84.50, the share price sits above an estimated fair value of US$71.52, which frames the current level as overvalued instead. Which story do you think fits your own expectations on revenue, margins, and risk?

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Synaptics for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 883 undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Build Your Own Synaptics Narrative

If you are not fully aligned with these views or prefer to analyze the numbers yourself, you can build a custom thesis in minutes: Do it your way.

A good starting point is our analysis highlighting 1 key reward investors are optimistic about regarding Synaptics.

Ready For Your Next Investing Idea?

If Synaptics has you thinking about where to put fresh capital next, do not stop here. Use the screener to hunt for clear, data backed ideas in minutes.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.