Wells Fargo Maintains Overweight on Synopsys, Raises Price Target to $620
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley has maintained an Overweight rating on Synopsys (NASDAQ:SNPS) and increased the price target from $600 to $620.
November 30, 2023 | 2:18 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Wells Fargo analyst Gary Mobley reaffirmed an Overweight rating on Synopsys and raised the price target to $620, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Gary Mobley suggests a bullish outlook on Synopsys, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100