Synopsys shares are trading higher after the company reported better-than-expected Q3 financial results and issued Q4 guidance above estimates. Also, Baird raised its price target on the stock from $661 to $663.
Portfolio Pulse from Benzinga Newsdesk
Synopsys shares rise as the company reports strong Q3 results and provides optimistic Q4 guidance. Baird raises its price target for the stock.
August 22, 2024 | 12:51 pm
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Synopsys shares are trading higher due to better-than-expected Q3 results and optimistic Q4 guidance. Baird has increased its price target from $661 to $663.
The company's strong Q3 performance and positive Q4 guidance are likely to boost investor confidence, leading to a rise in stock price. The increase in price target by Baird further supports a positive outlook.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100