Keybanc Maintains Overweight on Synopsys, Raises Price Target to $600
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Jason Celino has maintained an Overweight rating on Synopsys (NASDAQ:SNPS) and increased the price target from $540 to $600.
November 27, 2023 | 9:40 am
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Keybanc analyst Jason Celino maintains an Overweight rating on Synopsys and raises the price target to $600, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, suggesting that the analyst expects the stock to perform well in the near term. Investors often view such updates as a positive sign and may increase their buying activity, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100