Analyst Rating Update on Synopsys (SNPS)

Synopsys (SNPS) : 4 brokerage houses believe that Synopsys (SNPS) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Synopsys (SNPS). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 6 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.

Synopsys (SNPS) : The most positive equity analysts on Synopsys (SNPS) expects the shares to touch $64, whereas, the least positive believes that the stock will trade at $51 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $58 with an expected fluctuation of $4.52 from the mean.

For the current week, the company shares have a recommendation consensus of Buy.


Synopsys (NASDAQ:SNPS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.17 and $53.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.36, notching a gain of 0.42% for the day. The total traded volume was 961,596 . The stock had closed at $54.13 on the previous day.

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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