Synopsys (SNPS) Stock Forecast & Price Target

$520.75 -27.56 (-5.03%)

(As of 11/15/2024 ET)

Synopsys - Analysts' Recommendations 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.

Consensus Rating

Buy

Based on 11 Analyst Ratings

Sell
0

Hold
0

Buy
11

Based on 11 Wall Street analysts who have issued ratings for Synopsys in the last 12 months, the stock has a consensus rating of "Buy." Out of the 11 analysts, 11 have given a buy rating for SNPS.

Consensus Price Target

$649.82
24.79% Upside

According to the 11 analysts' twelve-month price targets for Synopsys, the average price target is $649.82. The highest price target for SNPS is $690.00, while the lowest price target for SNPS is $550.00. The average price target represents a forecasted upside of 24.79% from the current price of $520.75.

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SNPS Analyst Ratings Over Time

Type	Current Forecast 11/17/23 to 11/16/24	1 Month Ago 10/18/23 to 10/17/24	3 Months Ago 8/19/23 to 8/18/24	1 Year Ago 11/17/22 to 11/17/23
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)	11 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$649.82	$644.00	$629.00	$506.45
Forecasted Upside	24.79% Upside	27.60% Upside	14.57% Upside	-5.30% Downside
Consensus Rating	Buy	Buy	Buy	Buy

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SNPS Analyst Recommendations 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	2.67	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	24.79% Upside	552.03% Upside	9.92% Upside
News Sentiment Rating	Positive News See Recent SNPS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/11/2024	Loop Capital 2 of 5 stars	G. Mobley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$675.00	+21.35%
10/24/2024	Piper Sandler 2 of 5 stars		Lower Target	Overweight ➝ Overweight	$687.00 ➝ $670.00	+35.79%
10/22/2024	Needham & Company LLC 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$640.00 ➝ $640.00	+26.58%
10/22/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Panigrahi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$650.00	+28.56%
10/15/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Naing Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$660.00	+21.00%
8/23/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$635.00 ➝ $635.00	+16.32%
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.
8/22/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$655.00 ➝ $685.00	+21.10%
8/22/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$661.00 ➝ $663.00	+17.41%
6/27/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$675.00 ➝ $690.00	+15.28%
12/13/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$620.00 ➝ $630.00	+11.00%
11/27/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$550.00	+0.92%
11/10/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$600.00	+17.88%
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%
1/17/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight
11/16/2022	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:35 AM ET.

SNPS Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Synopsys is $649.82, with a high forecast of $690.00 and a low forecast of $550.00.
: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last year. There are currently 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SNPS shares.
: According to analysts, Synopsys's stock has a predicted upside of 24.79% based on their 12-month stock forecasts.
: Synopsys has been rated by research analysts at Berenberg Bank, JPMorgan Chase & Co., Loop Capital, Mizuho, Needham & Company LLC, Piper Sandler, Robert W. Baird, and Rosenblatt Securities in the past 90 days.
: 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.

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This page (NASDAQ:SNPS) was last updated on 11/16/2024 by MarketBeat.com Staff

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Synopsys (SNPS) Stock Forecast & Price Target