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Griffin Securities Raises Price Target on Synopsys (SNPS)

February 21, 2013 12:49 PM EST Send to a Friend
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Price: $37.52 --0%

Rating Summary:
    2 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Griffin Securities today maintained a Buy rating on Synopsys (NASDAQ: SNPS) and raised its price target of $40.00 (from $36.00).

"The 1Q13 results –with revenue upside - showed further evidence that multiple end-market and technical requirements, in particular new semiconductor processes nodes continue to drive IC and systems customers’ design activity and therefore consumption of EDA tools and IP," said analyst Jay Vleeschhouwer.

For an analyst ratings summary and ratings history on Synopsys (NASDAQ: SNPS) click here. For more ratings news on Synopsys click here.

Shares of Synopsys closed at $34.79 yesterday.

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