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A statement released earlier today by Needham about Syntel (NASDAQ:SYNT) bumps down the target price to $21.00

Stating a possible upside of 0.26%, Needham lowered the target price of Syntel (NASDAQ:SYNT) to $21.00

Just yesterday Syntel (NASDAQ:SYNT) traded -5.00% lower at $16.71. Syntel’s 50-day moving average is $17.13 and its 200-day moving average is $20.13. The last stock price is down -17.00% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 1,828,367 shares of SYNT traded hands, up from an average trading volume of 689,747

Recent Performance Chart

Syntel (NASDAQ:SYNT)

Syntel has 52 week low of $15.82 and a 52 week high of $48.41 and has a market capitalization of $0.

Also covering Syntel's price target, a total of 9 analysts have released a report on Syntel. The one year target is $48.67 with two equity analysts rating the company a strong buy, three equity analysts rating the company a buy, seven firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Syntel (NASDAQ:SYNT)

Syntel, Inc. (Syntel) is a global provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. The Company operates through five segments: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing, and Retail, Logistics and Telecom. Syntel provides a range of services to its customers through its IT services, including Managed Services, Digital One and through its KPO services. Through its Managed Services offering, the Company provides software applications development, maintenance, testing, IT infrastructure, cloud and migration services. Through its SyntBots platform, the Company delivers internally developed automation capabilities that improve the productivity and quality of its Managed Services offerings. The Company's Digital One service line centralizes the delivery of digital architecture, Web and mobile applications, user experience, Big Data, analytics, social and Internet of Things services.

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