Synopsys Gears Up For Q3 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Synopsys, Inc. (NASDAQ:SNPS) is set to report its Q3 2023 financial results on Aug. 16, 2023. Analysts predict earnings of $2.74 per share, up from $2.1 per share a year ago, and revenue of $1.48 billion, up from $1.25 billion. The company's shares closed at $436.74 on Tuesday. Recent analyst ratings include Wells Fargo's Overweight rating with a price target of $505, Baird's Outperform rating with a price target of $447, B of A Securities' upgrade to Buy with a price target of $410, and Stifel's initiation of coverage with a Buy rating and a price target of $445.
August 16, 2023 | 1:23 pm
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Synopsys is expected to report increased earnings and revenue for Q3 2023. Recent analyst ratings have been positive, with price targets ranging from $410 to $505.
The expected increase in earnings and revenue, along with positive analyst ratings and raised price targets, suggest a positive short-term impact on Synopsys' stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100