Stifel Maintains Buy on Synopsys, Raises Price Target to $620
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Ruben Roy has reaffirmed a Buy rating on Synopsys (NASDAQ:SNPS) and increased the price target from $550 to $620, indicating a positive outlook on the company's stock.
November 30, 2023 | 8:11 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Stifel analyst Ruben Roy maintains a Buy rating on Synopsys and raises the price target from $550 to $620, suggesting confidence in the company's future performance.
The increase in price target by Stifel reflects a bullish stance on Synopsys by the analyst, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100