Analyst Rating Update on Synopsys (SNPS)

Synopsys (NASDAQ:SNPS) : 5 analysts are covering Synopsys (NASDAQ: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 (NASDAQ: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 3, which recommends a Hold 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 (NASDAQ:SNPS) : Currently there are 6 street experts covering Synopsys (NASDAQ:SNPS) stock. The most bullish and bearish price target for the stock is $64 and $51 respectively for the short term. The average price target of all the analysts comes to $58. The estimated standard deviation from the target is $4.52.

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

Synopsys (NASDAQ:SNPS): stock turned positive on Tuesday. Though the stock opened at $51.62, the bulls momentum made the stock top out at $52.15 level for the day. The stock recorded a low of $51.36 and closed the trading day at $52.11, in the green by 1.52%. The total traded volume for the day was 727,169. The stock had closed at $51.33 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Beattie Brian M, officer (EVP, Business Ops. & CAO) of Synopsys Inc, had unloaded 29,300 shares at an average price of $52.18 in a transaction dated on June 13, 2016. The total value of the transaction was worth $1,528,874.

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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