Important positive changes in Synopsys Inc (NASDAQ: SNPS) investment behavior have recently occurred: positive upside/downside volume developed.
Recent significant positive changes in fundamentals have benefitted Synopsys Inc (NASDAQ: SNPS): the consensus estimate for October, 2024 increased significantly, significant quarterly sales acceleration occurred, and the consensus estimate for October, 2025 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
SNPS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Synopsys has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Synopsys has a poor Appreciation Score of 18 but a very high Power Rating of 95, triggering the Neutral Value Trend Rating.
Recent Price Action
On 12/11/23, Synopsys Inc (NASDAQ: SNPS) stock enjoyed a large increase of 3.7%, closing at $556.02. This advance was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.8% during the last week.
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