Analyst Price Target Update on Synopsys (NASDAQ:SNPS)

Synopsys (NASDAQ:SNPS) stock has received a short term price target of $ 58 from 6 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $4.52. The higher estimate of target price is $64 , while the lower price target estimate is $51

Many analysts have stated their opinion on the company shares. RBC Capital initiates coverage on Synopsys (NASDAQ:SNPS) . The global brokerage major announces a current price target of $64 per share. Analysts at the RBC Capital have a current rating of Outperform on the shares. The rating by the firm was issued on June 6, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The director of Synopsys Inc, Castino Alfred sold 5,000 shares at $53.24 on June 9, 2016. The Insider selling transaction had a total value worth of $266,200. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Synopsys (NASDAQ:SNPS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.36 points or 0.69% at $52.14 with 887,247 shares getting traded. Post opening the session at $52.15, the shares hit an intraday low of $52.04 and an intraday high of $52.76 and the price was in this range throughout the day. The company has a market cap of $7,916 million and the number of outstanding shares have been calculated to be 151,826,270 shares. The 52-week high of Synopsys (NASDAQ:SNPS) is $53.46 and the 52-week low is $39.26.

Synopsys, Inc. is engaged in providing technology solutions used to develop electronics and electronic systems. It supplies the electronic design automation (EDA) software that engineers use to design, create prototypes for and test integrated circuits, also known as chips. It also supplies software and hardware used to develop the systems that incorporate integrated circuits and the software that runs on those integrated circuits. Its intellectual property (IP) products are pre-designed circuits that engineers use as components of larger chip designs rather than redesigning those circuits themselves. It also provides technical services to support its solutions and it help its customers develop chips and electronic systems.

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