Synopsys (SNPS) September 650 straddle into quarter results
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Morgan Stanley Reiterates Overweight Rating on Synopsys (SNPS)
August 22, 2024 7:42 AM EDTMorgan Stanley analyst Lee Simpson reiterated an Overweight rating and $625.00 price target on Synopsys (NASDAQ: SNPS)
The analyst comments "Momentum in the business is evident, especially in IP, analog and with parts of Synopsys.ai. Synopsys remains on track to divest SIG later this year and... More
Synopsys (SNPS) PT Raised to $663 at Baird
August 22, 2024 6:43 AM EDTBaird analyst Jon Vruwink raised the price target on Synopsys (NASDAQ: SNPS) to $663.00 (from $661.00) while maintaining a Outperform rating.
The analyst comments "Maintain Outperform rating. F3Q24 (July) revenue +13% YoY (~in-line), EBIT margin of 40.0% vs. 36.4% YoY (consensus=39%), EPS +27% YoY (5% upside); backlog momentum still... More
Morgan Stanley Reiterates Overweight Rating on Synopsys (SNPS)
August 22, 2024 5:42 AM EDTMorgan Stanley analyst Lee Simpson reiterated an Overweight rating and $625.00 price target on Synopsys (NASDAQ: SNPS)
The analyst comments "MS First Take: In what looks like another decent quarterly print, the company confirms momentum in core EDA business, which will go some... More
Synopsys (SNPS) PT Raised to $685 at JPMorgan
August 22, 2024 5:25 AM EDTJPMorgan analyst Harlan Sur raised the price target on Synopsys (NASDAQ: SNPS) to $685.00 (from $655.00) while maintaining a Overweight rating.
The analyst comments "Demand for chip design software tools (EDA) remains strong and is reflected in Synopsyss solid Jul-Qtr quarter results and Oct quarter guidance and overall commentary. The team maintained its prior FY24 revenue growth outlook of up 15% Y/Y (but better operating margins/earnings). Heading into the quarter, there were some market concerns of bookings slowdown/backlog... More
