$552.39
-8.41[-1.50%]
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Synopsys
(NASDAQ:SNPS)Synopsys Stock (NASDAQ:SNPS), Analyst Ratings, Price Targets, Predictions
Synopsys Inc has a consensus price target of $514.32, established from looking at the 100 latest analyst ratings. The last 3 analyst ratings were released from Needham, Baird, and JP Morgan on May 23, 2024. With an average price target of $653.33 between Needham, Baird, and JP Morgan, there's an implied 18.27% upside for Synopsys Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Needham
Baird
JP Morgan
Rosenblatt
Piper Sandler
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Synopsys
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/23/2024 | Buy Now | 19.48% | Needham | Charles Shi | → $660 | Reiterates | Buy → Buy | Get Alert |
| 05/23/2024 | Buy Now | 16.77% | Baird | Joe Vruwink | $640 → $645 | Maintains | Outperform | Get Alert |
| 05/23/2024 | Buy Now | 18.58% | JP Morgan | Harlan Sur | $650 → $655 | Maintains | Overweight | Get Alert |
| 05/23/2024 | Buy Now | 11.33% | Rosenblatt | Blair Abernethy | $615 → $615 | Maintains | Buy | Get Alert |
| 05/23/2024 | Buy Now | 21.65% | Piper Sandler | Clarke Jeffries | $665 → $672 | Reiterates | Overweight → Overweight | Get Alert |
| 04/04/2024 | Buy Now | 20.39% | Piper Sandler | Clarke Jeffries | → $665 | Initiates | → Overweight | Get Alert |
| 03/22/2024 | Buy Now | 19.48% | Needham | Charles Shi | → $660 | Reiterates | Buy → Buy | Get Alert |
| 03/21/2024 | Buy Now | 11.33% | Rosenblatt | Blair Abernethy | → $615 | Reiterates | Buy → Buy | Get Alert |
| 02/22/2024 | Buy Now | 15.86% | Baird | Joe Vruwink | $624 → $640 | Maintains | Outperform | Get Alert |
| 02/22/2024 | Buy Now | 19.48% | Needham | Charles Shi | → $660 | Reiterates | Buy → Buy | Get Alert |
| 02/20/2024 | Buy Now | 11.33% | Rosenblatt | Blair Abernethy | $570 → $615 | Maintains | Buy | Get Alert |
| 01/17/2024 | Buy Now | 12.24% | Stifel | Ruben Roy | $620 → $620 | Maintains | Buy | Get Alert |
| 01/17/2024 | Buy Now | 19.48% | Needham | Charles Shi | $660 → $660 | Maintains | Buy | Get Alert |
| 01/04/2024 | Buy Now | 17.67% | B of A Securities | Vivek Arya | $650 → $650 | Maintains | Buy | Get Alert |
| 12/13/2023 | Buy Now | 14.05% | Wells Fargo | Gary Mobley | $620 → $630 | Maintains | Overweight | Get Alert |
| 12/01/2023 | Buy Now | 3.19% | Rosenblatt | Blair Abernethy | $485 → $570 | Maintains | Buy | Get Alert |
| 11/30/2023 | Buy Now | 6.81% | Baird | Joe Vruwink | $506 → $590 | Maintains | Outperform | Get Alert |
| 11/30/2023 | Buy Now | 12.24% | Stifel | Ruben Roy | $550 → $620 | Maintains | Buy | Get Alert |
| 11/30/2023 | Buy Now | 12.24% | Wells Fargo | Gary Mobley | $600 → $620 | Maintains | Overweight | Get Alert |
| 11/30/2023 | Buy Now | 19.48% | Needham | Charles Shi | $500 → $660 | Maintains | Buy | Get Alert |
| 11/30/2023 | Buy Now | 22.2% | Keybanc | Jason Celino | $600 → $675 | Maintains | Overweight | Get Alert |
| 11/29/2023 | Buy Now | 17.67% | B of A Securities | Vivek Arya | → $650 | Maintains | Buy | Get Alert |
| 11/27/2023 | Buy Now | -0.43% | Stifel | Ruben Roy | → $550 | Reiterates | Buy → Buy | Get Alert |
| 11/27/2023 | Buy Now | 8.62% | Keybanc | Jason Celino | $540 → $600 | Maintains | Overweight | Get Alert |
| 11/21/2023 | Buy Now | 8.62% | Wells Fargo | Gary Mobley | → $600 | Maintains | Overweight | Get Alert |
| 11/10/2023 | Buy Now | 8.62% | Morgan Stanley | Lee Simpson | → $600 | Initiates | → Overweight | Get Alert |
| 10/13/2023 | Buy Now | -2.24% | Keybanc | Jason Celino | $515 → $540 | Maintains | Overweight | Get Alert |
| 10/10/2023 | Buy Now | 8.62% | B of A Securities | Vivek Arya | $510 → $600 | Maintains | Buy | Get Alert |
| 09/29/2023 | Buy Now | -0.25% | HSBC | Stephen Bersey | → $551 | Initiates | → Buy | Get Alert |
| 08/23/2023 | Buy Now | -12.2% | Rosenblatt | Blair Abernethy | → $485 | Reiterates | Buy → Buy | Get Alert |
FAQ
What is the target price for Synopsys (SNPS)?
The latest price target for Synopsys (NASDAQ: SNPS) was reported by Needham on May 23, 2024. The analyst firm set a price target for $660.00 expecting SNPS to rise to within 12 months (a possible 19.48% upside). 44 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Synopsys (SNPS)?
The latest analyst rating for Synopsys (NASDAQ: SNPS) was provided by Needham, and Synopsys reiterated their buy rating.
When was the last upgrade for Synopsys (SNPS)?
The last upgrade for Synopsys Inc happened on December 16, 2022 when B of A Securities raised their price target to $410. B of A Securities previously had a neutral for Synopsys Inc.
When was the last downgrade for Synopsys (SNPS)?
The last downgrade for Synopsys Inc happened on September 17, 2021 when B of A Securities changed their price target from N/A to $315 for Synopsys Inc.
When is the next analyst rating going to be posted or updated for Synopsys (SNPS)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Synopsys, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Synopsys was filed on May 23, 2024 so you should expect the next rating to be made available sometime around May 23, 2025.
Is the Analyst Rating Synopsys (SNPS) correct?
While ratings are subjective and will change, the latest Synopsys (SNPS) rating was a reiterated with a price target of $660.00 to $660.00. The current price Synopsys (SNPS) is trading at is $552.39, which is out of the analyst’s predicted range.
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