Synopsys stock: Unsung hero of the AI revolution

Key Points

Synopsys, known for semiconductor design, has a strong AI focus, with customers including AMD, Intel, and Nvidia.
Synopsys incorporates AI and machine learning in its software solutions, introducing Synopsys.ai for end-to-end AI in design.
In the chip design sector, Synopsys and Cadence are top performers, with Altair leading among smaller players.
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Should you invest $1,000 in Synopsys right now?

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MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Synopsys wasn't on the list.

While Synopsys currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

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Companies Mentioned in This Article

Company	MarketRank™	Current Price	Price Change	Dividend Yield	P/E Ratio	Consensus Rating	Consensus Price Target
Synopsys (SNPS)	4.6562 of 5 stars	$576.18	+0.8%	N/A	62.63	Buy	$616.18
Altair Engineering (ALTR)	2.4996 of 5 stars	$92.92	+8.7%	N/A	1,032.44	Moderate Buy	$94.60
ANSYS (ANSS)	3.5175 of 5 stars	$323.31	-0.3%	N/A	64.92	Reduce	$320.00
Autodesk (ADSK)	4.5917 of 5 stars	$218.20	+1.0%	N/A	51.83	Hold	$269.05
Cadence Design Systems (CDNS)	4.7815 of 5 stars	$296.18	+0.6%	N/A	77.13	Moderate Buy	$331.11
Intel (INTC)	4.9696 of 5 stars	$30.91	+0.6%	1.62%	32.20	Hold	$39.58
Technology Select Sector SPDR Fund (XLK)	N/A	$216.15	+0.3%	0.60%	36.81	Hold	N/A
NVIDIA (NVDA)	4.6383 of 5 stars	$121.79	-89.9%	0.13%	7.12	Moderate Buy	$1,130.20
Advanced Micro Devices (AMD)	4.3705 of 5 stars	$160.34	-4.5%	N/A	235.80	Moderate Buy	$185.24

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Synopsys stock: Unsung hero of the AI revolution

Key Points

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Should you invest $1,000 in Synopsys right now?

Kate Stalter

Contributing Author

Companies Mentioned in This Article

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