Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Synopsys Inc (NASDAQ: SNPS) weakened during the last several trading days. SNPS’ current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Synopsys Inc (NASDAQ: SNPS) stock increased 1.3% on 5/20/24. The shares closed at $574.38. However, trading volume in this advance was unusually low at 54% of normal. The stock has been strong relative to the market over the last nine months and has risen 3.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SNPS is expected to continue to be a major Value Builder.
Synopsys has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Synopsys has a very low Appreciation Score of 14 but a good Power Rating of 72, and the Negative Value Trend Rating results.
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