Wells Fargo Maintains Overweight on Synopsys, Raises Price Target to $630
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 $620 to $630.
December 13, 2023 | 3:05 pm
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Wells Fargo analyst Gary Mobley reaffirmed an Overweight rating on Synopsys and raised the price target to $630, 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