Synopsys (SNPS) : 6 analysts are covering Synopsys (SNPS) and their average rating on the stock is 1.33, which is read as a Strong Buy. 4 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 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.
Synopsys (SNPS) : Average target price received by Synopsys (SNPS) is $63.33 with an expected standard deviation of $1.63. The most aggressive target on the stock is $64, whereas the most downbeat target is $60. 6 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Pacific Crest maintains its rating on Synopsys (NASDAQ:SNPS). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Pacific Crest raises the price target from $60 per share to $64 per share. The rating by the firm was issued on August 18, 2016.
Synopsys (NASDAQ:SNPS): The stock opened at $59.79 and touched an intraday high of $60 on Wednesday. During the day, the stock corrected to an intraday low of $59.73, however, the bulls stepped in and pushed the price higher to close in the green at $59.93 with a gain of 0.22% for the day. The total traded volume for the day was 756,816. The stock had closed at $59.8 in the previous trading session.
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.