SNPS vs. PLTR, EA, VEEV, SPLK, ANET, RELX, CDNS, DELL, APH, and SHOP
Should you be buying Synopsys stock or one of its competitors? The main competitors of Synopsys include Palantir Technologies (PLTR), Electronic Arts (EA), Veeva Systems (VEEV), Splunk (SPLK), Arista Networks (ANET), Relx (RELX), Cadence Design Systems (CDNS), Dell Technologies (DELL), Amphenol (APH), and Shopify (SHOP).
Palantir Technologies (NYSE:PLTR) and Synopsys (NASDAQ:SNPS) are both large-cap business services companies, but which is the superior stock? We will contrast the two companies based on the strength of their valuation, community ranking, profitability, risk, earnings, institutional ownership, media sentiment, analyst recommendations and dividends.
45.7% of Palantir Technologies shares are owned by institutional investors. Comparatively, 85.5% of Synopsys shares are owned by institutional investors. 14.0% of Palantir Technologies shares are owned by company insiders. Comparatively, 0.7% of Synopsys shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Palantir Technologies currently has a consensus price target of $18.35, indicating a potential downside of 21.36%. Synopsys has a consensus price target of $601.00, indicating a potential upside of 11.93%. Given Palantir Technologies' stronger consensus rating and higher probable upside, analysts clearly believe Synopsys is more favorable than Palantir Technologies.
Synopsys has a net margin of 22.96% compared to Synopsys' net margin of 9.43%. Palantir Technologies' return on equity of 22.88% beat Synopsys' return on equity.
Synopsys received 737 more outperform votes than Palantir Technologies when rated by MarketBeat users. Likewise, 72.09% of users gave Synopsys an outperform vote while only 46.25% of users gave Palantir Technologies an outperform vote.
Synopsys has higher revenue and earnings than Palantir Technologies. Synopsys is trading at a lower price-to-earnings ratio than Palantir Technologies, indicating that it is currently the more affordable of the two stocks.
In the previous week, Palantir Technologies had 19 more articles in the media than Synopsys. MarketBeat recorded 36 mentions for Palantir Technologies and 17 mentions for Synopsys. Palantir Technologies' average media sentiment score of 0.79 beat Synopsys' score of 0.72 indicating that Synopsys is being referred to more favorably in the news media.
Palantir Technologies has a beta of 2.76, meaning that its share price is 176% more volatile than the S&P 500. Comparatively, Synopsys has a beta of 1.07, meaning that its share price is 7% more volatile than the S&P 500.
Summary
Synopsys beats Palantir Technologies on 13 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding SNPS and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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