HSBC Initiates Coverage On Synopsys with Buy Rating, Announces Price Target of $551
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Stephen Bersey has initiated coverage on Synopsys (NASDAQ:SNPS) with a Buy rating and a price target of $551.
September 29, 2023 | 11:02 am
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POSITIVE IMPACT
HSBC has initiated coverage on Synopsys with a Buy rating and a price target of $551, which could positively impact the company's stock.
The Buy rating and high price target set by HSBC indicate a positive outlook for Synopsys. This could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100