Synopsys (SNPS) : 5 analysts are covering Synopsys (SNPS) and their average rating on the stock is 1.6, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Synopsys (SNPS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Synopsys (SNPS) stock is expected to deviate a maximum of $4.52 from the average target price of $58 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $64 and the most muted being $51.
For the current week, the company shares have a recommendation consensus of Buy.
Synopsys (NASDAQ:SNPS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.99 and $54.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.91, notching a gain of 0.44% for the day. The total traded volume was 1,013,990 . The stock had closed at $54.67 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.