Rosenblatt Maintains Buy on Synopsys, Raises Price Target to $570
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Blair Abernethy has reaffirmed a Buy rating on Synopsys (NASDAQ:SNPS) and increased the price target from $485 to $570.
December 01, 2023 | 12:09 pm
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POSITIVE IMPACT
Rosenblatt analyst Blair Abernethy maintains a Buy rating on Synopsys and raises the price target to $570, indicating a positive outlook on the stock.
The increase in price target by Rosenblatt suggests a strong confidence in Synopsys' future performance. This endorsement from a reputable analyst is likely to instill investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100