Check Out What Whales Are Doing With SNPS
Portfolio Pulse from Benzinga Insights
A significant number of bullish trades have been observed for Synopsys (NASDAQ:SNPS), with whales targeting a price range of $390 to $560 over the last three months. The current price of SNPS is up 2.72% at $448.24. Analysts from Stifel, JP Morgan, and Keybanc have maintained their positive ratings on Synopsys, with price targets of $470, $500, and $515 respectively, while Needham has downgraded its action to Buy with a price target of $500.
August 23, 2023 | 8:45 pm
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POSITIVE IMPACT
Bullish trades and positive analyst ratings suggest a potential short-term increase in Synopsys' stock price. However, the stock may be approaching overbought according to RSI indicators.
The bullish trades and positive analyst ratings indicate a positive sentiment towards Synopsys, which could drive its stock price up in the short term. However, the RSI indicators suggest that the stock may be overbought, which could lead to a price correction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100