Where Synopsys Stands With Analysts
Portfolio Pulse from Benzinga Insights
Synopsys (NASDAQ:SNPS) has received positive analyst ratings within the last quarter, with 6 bullish and 5 somewhat bullish ratings, and no indifferent, somewhat bearish, or bearish ratings. The average 12-month price target for SNPS among 11 analysts is $513.73, with a high of $600.00 and a low of $470.00. This target has increased by 7.44% over the past month. Analysts typically review stocks quarterly or after major company updates, basing their ratings on financial predictions and company performance.
November 10, 2023 | 8:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Synopsys has garnered a favorable outlook from analysts, with 11 positive ratings and an increased average price target of $513.73, suggesting a bullish sentiment for the stock in the short term.
The unanimous positive ratings from analysts, combined with an upward revision of the average price target, indicate strong confidence in Synopsys's performance and prospects. This consensus typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100