Needham Reiterates Buy on Synopsys, Maintains $660 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi reiterates a Buy rating on Synopsys (NASDAQ:SNPS) and maintains a $660 price target.

February 22, 2024 | 12:00 pm
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Needham analyst Charles Shi reaffirms a Buy rating on Synopsys, with a steady price target of $660.
The reiteration of a Buy rating and maintenance of a high price target by a reputable analyst like Charles Shi from Needham suggests strong confidence in Synopsys' future performance. This endorsement is likely to positively influence investor sentiment and could lead to a short-term uptick in SNPS stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100