Synopsys (SNPS) Stock Forecast & Price Target

$545.96

+2.73 (+0.50%)

(As of 12/1/2023 ET)

Today's Range: $539.28
▼
$548.19
50-Day Range: $444.35
▼
$552.46
52-Week Range: $312.25
▼
$564.78

Volume: 876,617 shs
Average Volume: 816,363 shs
Market Capitalization: $83.04 billion

P/E Ratio: 68.76
Dividend Yield: N/A
Price Target: $575.60

Synopsys Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Buy
Based on 11 Analyst Ratings

Analysts' Consensus Price Target

$575.60
5.43% Upside

High Forecast	$660.00
Average Forecast	$575.60
Low Forecast	$500.00

Type	Current Forecast 12/3/22 to 12/3/23	1 Month Ago 11/3/22 to 11/3/23	3 Months Ago 9/4/22 to 9/4/23	1 Year Ago 12/3/21 to 12/3/22
Consensus Rating	Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	8 Buy rating(s)
Hold	0 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$575.60	$497.10	$462.50	$416.00
Predicted Upside	5.43% Upside	16.12% Upside	16.50% Upside	21.51% Upside

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SNPS Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SNPS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Synopsys Stock vs. The Competition

Type	Synopsys	Computer and Technology Companies	S&P 500
Consensus Rating Score	3.00	2.56	2.49
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	5.43% Upside	858.65% Upside	2,853.20% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
12/1/2023	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$485.00 ➝ $570.00	+4.93%
11/30/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$600.00 ➝ $620.00	+12.23%
11/30/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$500.00 ➝ $660.00	+19.47%
11/27/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$550.00	+0.92%
11/27/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$540.00 ➝ $600.00	+10.56%
11/10/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$600.00	+17.88%
Get the Latest News and Ratings for SNPS and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Synopsys and its competitors with MarketBeat's FREE daily newsletter.
10/10/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$510.00 ➝ $600.00	+24.02%
9/29/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$551.00	+19.60%
8/17/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$470.00 ➝ $500.00	+16.13%
8/17/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$491.00 ➝ $505.00	+17.93%
1/17/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight

(Data available from 12/3/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

SNPS Price Target - Frequently Asked Questions

What is Synopsys's consensus rating and price target?: According to the issued ratings of 11 analysts in the last year, the consensus rating for Synopsys stock is Buy based on the current 11 buy ratings for SNPS. The average twelve-month price prediction for Synopsys is $575.60 with a high price target of $660.00 and a low price target of $500.00. Learn more on SNPS's analyst rating history.
Do Wall Street analysts like Synopsys more than its competitors?: Analysts like Synopsys more than other Computer and Technology companies. The consensus rating for Synopsys is Buy while the average consensus rating for computer and technology companies is Moderate Buy. Learn more on how SNPS compares to other companies.
Does Synopsys's stock price have much upside?: According to analysts, Synopsys's stock has a predicted upside of 15.86% based on their 12-month stock forecasts.

What analysts cover Synopsys?: Synopsys has been rated by Bank of America, HSBC, KeyCorp, Morgan Stanley, Needham & Company LLC, Rosenblatt Securities, Stifel Nicolaus, and Wells Fargo & Company in the past 90 days.

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This page (NASDAQ:SNPS) was last updated on 12/3/2023 by MarketBeat.com Staff

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