Piper Sandler Reiterates Overweight on Synopsys, Raises Price Target to $672
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Clarke Jeffries has reiterated an Overweight rating on Synopsys (NASDAQ:SNPS) and raised the price target from $665 to $672.
May 23, 2024 | 9:10 am
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Piper Sandler has reiterated an Overweight rating on Synopsys and increased the price target from $665 to $672, indicating continued confidence in the company's performance.
The reiteration of an Overweight rating and the increase in the price target suggest that Piper Sandler sees strong potential in Synopsys' future performance. This positive analyst action is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100