Synopsys (NASDAQ:SNPS) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.6 by 5 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. RBC Capital initiates coverage on Synopsys (NASDAQ:SNPS) In a research note issued to the investors, the brokerage major announces price-target of $64 per share.The shares have been rated Outperform. The rating by the firm was issued on June 6, 2016.
Synopsys (NASDAQ:SNPS) should head towards $58 per share according to 6 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $51 per share. The higher price estimate target is at $64 according to the Analysts.
Synopsys (NASDAQ:SNPS) witnessed a decline in the market cap on Tuesday as its shares dropped 0.06% or 0.03 points. After the session commenced at $53.16, the stock reached the higher end at $53.44 while it hit a low of $52.765. With the volume soaring to 905,013 shares, the last trade was called at $53.09. The company has a 52-week high of $53.48. The company has a market cap of $8,060 million and there are 151,826,270 shares in outstanding. The 52-week low of the share price is $39.26.
Shares of Synopsys Inc. rose by 1.76% in the last five trading days and 6.35% for the last 4 weeks. Synopsys Inc. is up 10.74% in the last 3-month period. Year-to-Date the stock performance stands at 16.4%.
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.