Morgan Stanley analyst Lee Simpson maintains $Synopsys (SNPS.US)$ with a buy rating, and maintains the target price at $625.
According to TipRanks data, the analyst has a success rate of 53.7% and a total average return of 3.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Synopsys (SNPS.US)$'s main analysts recently are as follows:
The firm remains positive about FY25, which is seen as largely stable despite some uneven performance. It is noted that Synopsys, alongside its peers in the Electronic Design Automation and Intellectual Property sectors, is well-positioned to benefit from the increasing complexity in chip design and the proliferation of AI design initiatives, potentially ensuring ongoing double-digit sales growth.
The decline in the stock's value following its latest financial outcomes is seen by analysts as an opportunity for investment. The company's positive perspective on EBIT margin improvements and its earnings and free cash flow forecasts aligning with expectations are viewed favorably.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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