Synopsys Inc (NASDAQ: SNPS) has benefited from meaningful positive changes in fundamentals: the consensus estimate for October, 2024 increased significantly, significant quarterly sales acceleration occurred, and the consensus estimate for October, 2025 increased significantly.
Recent notable positive changes in investment behavior have benefitted Synopsys Inc (NASDAQ: SNPS): the stock’s recent price rise disrupted its longer term downtrend.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Synopsys has a poor Appreciation Score of 21 but a very high Power Rating of 95, with the Neutral Value Trend Rating the result.
Recent Price Action
Synopsys Inc (NASDAQ: SNPS) stock declined modestly by -1.3% on 1/3/24. The stock closed at $492.40. Moreover, trading volume in this decline was above average at 126% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.1% during the last week.
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