Wells Fargo Maintains Overweight on Synopsys, Raises Price Target to $505
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley maintains an Overweight rating on Synopsys (NASDAQ:SNPS) and raises the price target from $420 to $505.
June 05, 2023 | 12:01 pm
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POSITIVE IMPACT
Wells Fargo maintains an Overweight rating on Synopsys and raises the price target from $420 to $505.
The news of Wells Fargo maintaining an Overweight rating on Synopsys and raising the price target from $420 to $505 indicates a positive outlook for the company's stock. This could lead to an increase in demand for the stock and potentially drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100