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Synopsys stock: Unsung hero of the AI revolution

Kate Stalter
Written by Kate Stalter | Reviewed by Don Miller
December 29, 2023

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.
  • MarketBeat previews the top five stocks to own by May 1st.

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Should You Invest $1,000 in Synopsys Right Now?

Before you consider Synopsys, you'll want to hear this.

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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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These 7 Stocks Will Be Magnificent in 2025

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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Learn More about Kate Stalter
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Synopsys (SNPS)
4.8215 of 5 stars		$446.62+1.8%N/A30.76Moderate Buy$618.31
Altair Engineering (ALTR)
2.4303 of 5 stars		$111.85flat0.64%657.94Reduce$100.83
ANSYS (ANSS)
3.2949 of 5 stars		$320.68+1.4%N/A48.96Hold$352.50
Autodesk (ADSK)
4.552 of 5 stars		$269.93-0.7%N/A53.56Moderate Buy$321.36
Cadence Design Systems (CDNS)
4.4161 of 5 stars		$289.63+2.8%N/A75.03Moderate Buy$321.00
Intel (INTC)
4.0519 of 5 stars		$20.05-6.7%2.49%-4.58Reduce$22.83
Technology Select Sector SPDR Fund (XLK)N/A$208.47+1.5%0.75%30.46Moderate Buy$208.47
NVIDIA (NVDA)
4.9253 of 5 stars		$111.01+4.3%0.04%43.69Moderate Buy$164.96
Advanced Micro Devices (AMD)
4.8309 of 5 stars		$96.64+2.3%N/A97.62Moderate Buy$140.57
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