Analysts' ratings for Synopsys (NASDAQ:SNPS) over the last quarter vary from bullish to bearish, as provided by 7 analysts.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 5 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 3 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $657.43, with a high estimate of $690.00 and a low estimate of $615.00. Marking an increase of 1.01%, the current average surpasses the previous average price target of $650.83.
Analyzing Analyst Ratings: A Detailed Breakdown
The analysis of recent analyst actions sheds light on the perception of Synopsys by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jason Celino | Keybanc | Raises | Overweight | $690.00 | $675.00 |
| Charles Shi | Needham | Maintains | Buy | $660.00 | $660.00 |
| Joe Vruwink | Baird | Raises | Outperform | $645.00 | $640.00 |
| Harlan Sur | JP Morgan | Raises | Overweight | $655.00 | $650.00 |
| Blair Abernethy | Rosenblatt | Maintains | Buy | $615.00 | $615.00 |
| Clarke Jeffries | Piper Sandler | Raises | Overweight | $672.00 | $665.00 |
| Clarke Jeffries | Piper Sandler | Announces | Overweight | $665.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Synopsys. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Synopsys compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Synopsys's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Synopsys's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Synopsys analyst ratings.
About Synopsys
Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.
Synopsys: Financial Performance Dissected
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Synopsys's remarkable performance in 3 months is evident. As of 30 April, 2024, the company achieved an impressive revenue growth rate of 15.2%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Synopsys's net margin excels beyond industry benchmarks, reaching 20.08%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Synopsys's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 4.23%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Synopsys's ROA excels beyond industry benchmarks, reaching 2.71%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.09.
What Are Analyst Ratings?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.