JP Morgan Maintains Overweight on Synopsys, Raises Price Target to $685
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Harlan Sur maintains an Overweight rating on Synopsys and raises the price target from $655 to $685.
August 22, 2024 | 2:11 pm
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POSITIVE IMPACT
JP Morgan has reaffirmed its Overweight rating on Synopsys and increased the price target from $655 to $685, indicating confidence in the company's future performance.
The increase in price target from $655 to $685 by JP Morgan suggests a positive outlook on Synopsys' future performance. The Overweight rating indicates that the analyst expects the stock to outperform its peers. This is likely to have a positive short-term impact on the stock price as investors may view this as a strong endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100