On Dec 06, major Wall Street analysts update their ratings for $Synopsys (SNPS.US)$, with price targets ranging from $620 to $690.
Morgan Stanley analyst Lee Simpson maintains with a buy rating, and maintains the target price at $625.
BofA Securities analyst Vivek Arya maintains with a buy rating, and adjusts the target price from $650 to $630.
Berenberg Bank analyst Nay Soe Naing maintains with a buy rating, and adjusts the target price from $660 to $655.
Baird analyst Joseph Vruwink maintains with a buy rating.
Needham analyst Charles Shi maintains with a buy rating, and maintains the target price at $640.
Furthermore, according to the comprehensive report, the opinions of $Synopsys (SNPS.US)$'s main analysts recently are as follows:
FY25 is seen as 'largely on track despite lumpiness'. Synopsys along with its peers in Electronic Design Automation and Intellectual Property are considered particularly favored by the secular increase in chip design complexity and AI design initiations, likely ensuring a stable double-digit growth in sales.
The recent weakness in the shares following its results was seen as a buying opportunity, given the company's positive remarks on EBIT margin improvement and the outlook for earnings and free cash flow which generally meets expectations.
Here are the latest investment ratings and price targets for $Synopsys (SNPS.US)$ from 9 analysts:
Note:
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