Expert Ratings for Synopsys
Portfolio Pulse from Benzinga Insights
Analysts have provided positive ratings for Synopsys (NASDAQ:SNPS) with 5 bullish and 6 somewhat bullish ratings in the last quarter. The average price target is $601.45, representing an upside from the current price of $566.34. This target has increased by 9.11% from the previous target of $551.25. Analysts typically review stocks each quarter, and their ratings are based on company performance, financial statements, and insider communications.
December 13, 2023 | 6:00 pm
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POSITIVE IMPACT
Synopsys has received a strong positive outlook from analysts with no bearish ratings in the last quarter. The average price target suggests a significant upside from the current stock price.
The unanimous positive ratings from analysts, combined with an increased average price target, suggest that there is confidence in Synopsys' future performance. This could lead to a short-term positive impact on the stock price as investors react to the analysts' bullish sentiment.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100