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Summit Research Raises Price Target on Synopsys (SNPS) to $54 Following 3Q15 Results
August 21, 2015 7:27 AM EDTSummit Research reiterated a Buy rating on Synopsys (NASDAQ: SNPS), and raised the price target to $54.00 (from $47.00), following the company's 3Q15 earnings report. SNPS reported revenue of $556M, compared to guidance of $550-560M. EPS of $0.63 beat guidance of $0.58-0.60. Management guided FY15... More
