Needham Reiterates Buy on Synopsys, Maintains $500 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Charles Shi has reiterated a 'Buy' rating on Synopsys (NASDAQ:SNPS) and maintained a price target of $500.
August 15, 2023 | 10:06 am
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Needham analyst Charles Shi has reiterated a 'Buy' rating on Synopsys and maintained a price target of $500. This could potentially boost investor confidence in the stock.
Analyst ratings and price targets can significantly influence investor sentiment. A reiterated 'Buy' rating and a maintained high price target indicates the analyst's continued confidence in the company's performance, which could potentially boost the stock's price in the short term.
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RELEVANCE 100