Needham Maintains Buy on Synopsys, Raises Price Target to $660
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi has reaffirmed a Buy rating on Synopsys (NASDAQ:SNPS) and increased the price target from $500 to $660.
November 30, 2023 | 1:12 pm
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Needham analyst Charles Shi maintains a Buy rating on Synopsys and raises the price target from $500 to $660, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100