Deep Dive Into Synopsys Stock: Analyst Perspectives (7 Ratings)
Portfolio Pulse from Benzinga Insights
Synopsys (NASDAQ:SNPS) has been evaluated by 7 analysts over the last three months, showing a predominantly bullish outlook with 6 bullish and 1 somewhat bullish ratings. The average 12-month price target for SNPS has been raised to $637.14, up from $624.80. Analysts from firms including Rosenblatt, Baird, Needham, Stifel, and B of A Securities have maintained or raised their price targets, reflecting positive sentiment towards the company's market position, revenue growth, and financial health.
March 21, 2024 | 1:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Synopsys has received positive evaluations from analysts, with an updated average 12-month price target of $637.14, indicating a bullish sentiment. The company's strong market position, revenue growth, and financial health are key factors contributing to this outlook.
The unanimous bullish sentiment among analysts, coupled with the raised average price target, suggests a strong short-term upside potential for SNPS. The company's impressive revenue growth, efficient cost management, and strategic market positioning contribute to this positive outlook. Given the analysts' consensus and the company's solid financial indicators, the stock is likely to experience upward momentum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100