Keep buying hot stocks like Slack and Costco, Wall Street's best-performing analysts say

is now taking a more positive approach to hardware company Synaptics, following its savvy $250 million acquisition of Broadcom's wireless Internet of Things business.to Buy from Neutral based on our estimated $0.45 - $0.55 accretion to our FY21 non-GAAP EPS estimates that the Broadcom wireless IoT connectivity business can provide" the analyst wrote on July 7.to $73, arguing that with management's focus on IoT, the acquired $65mn/year revenue can grow roughly 5% - 10% annually.

Along with revenue, margin and earnings accretion, Cassidy likes the acquisition for three key reasons: 1) Broadcom's wireless connectivity products are best-in-class; 2) Synaptics can cross-sell these products and open new markets/customers; 3) wireless products can create large competitive barriers to entry.

"Our Neutral rating on SYNA had been based on concerns for the mobile display business' low competitive barriers. This deal helps lower the company's dependence on the mobile display business" the analyst explained. He is ranked #157 out of 6,769 tracked analysts.

Just keep playing the game of musical chairs and hope the next crash isn't when you are loaded wlstocks and calls. This keep buying without fear is going to wreck lives, believe it.

'And with COST shares lagging since the March' wtf is this ? they are on alltime high...

It’s just a constant stream of Permabullshit from you vested interest charlatans

Sunday pump? A little early....

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