Extremely significant positive changes in Synopsys Inc (NASDAQ: SNPS) investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Synopsys Inc (NASDAQ: SNPS) has benefited from small positive changes in fundamentals: significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
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 F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Synopsys has a neutral Power Rating of 42 but a poor Appreciation Score of 17, leading to the Lowest Value Trend Rating.
Recent Price Action
Synopsys Inc (NASDAQ: SNPS) stock closed at $573.59 on 11/7/24 after a large increase of 3.7%. Trading volume in this advance was normal. Relative to the market the stock has been weak over the last nine months but has risen 6.9% during the last week.
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