Evaluating Synopsys: Insights From 9 Financial Analysts
Portfolio Pulse from Benzinga Insights
Nine financial analysts have recently evaluated Synopsys (NASDAQ:SNPS), providing a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased to $657.78, with a high estimate of $690.00 and a low estimate of $615.00. Analysts have raised their price targets in response to Synopsys's strong financial performance, including a 15.2% revenue growth rate and a net margin of 20.08%.
August 15, 2024 | 12:01 pm
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Analysts have provided a mix of bullish and somewhat bullish ratings for Synopsys, with an average 12-month price target of $657.78. The company's strong financial performance, including a 15.2% revenue growth rate and a net margin of 20.08%, has led to increased price targets.
The increase in average price target and the strong financial performance metrics such as revenue growth and net margin indicate a positive short-term impact on Synopsys's stock price. Analysts' bullish ratings further support this outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100