KeyBanc analyst Jason Celino maintained a Buy rating on Synopsys (SNPS – Research Report) today and set a price target of $675.00. The company’s shares closed last Friday at $557.16.
Celino covers the Technology sector, focusing on stocks such as Autodesk, Cadence Design, and Synopsys. According to TipRanks, Celino has an average return of 8.3% and a 56.60% success rate on recommended stocks.
Currently, the analyst consensus on Synopsys is a Strong Buy with an average price target of $633.18, a 13.64% upside from current levels. In a report released on April 4, Piper Sandler also initiated coverage with a Buy rating on the stock with a $665.00 price target.
The company has a one-year high of $629.38 and a one-year low of $360.37. Currently, Synopsys has an average volume of 1.22M.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNPS in relation to earlier this year. Most recently, in February 2024, Sassine Ghazi, the President & CEO of SNPS sold 10,294.00 shares for a total of $5,944,887.94.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Synopsys (SNPS) Company Description:
California-based Synopsys, Inc. is a software company which develops electronic products and software applications in the electronic design automation (EDA) industry. The firm operates through two segments: (1) Semiconductor & System Design, which includes EDA tools, IP products, system integration solutions and associated services, and (2) Software Integrity, which includes security and quality solutions for software development across many industries.
Read More on SNPS:
