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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.
  • Interested in Synopsys? Here are five stocks we like better.

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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.

View The Five Stocks Here

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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)
4.7597 of 5 stars		$413.40+2.7%N/A28.47Moderate Buy$618.31
Altair Engineering (ALTR)
2.67 of 5 stars		$111.85flat0.64%657.94Reduce$100.83
ANSYS (ANSS)
3.7314 of 5 stars		$303.26+1.8%N/A46.30Hold$352.50
Autodesk (ADSK)
4.4398 of 5 stars		$261.14+2.7%N/A51.81Moderate Buy$321.36
Cadence Design Systems (CDNS)
4.3726 of 5 stars		$258.15+2.6%N/A66.88Moderate Buy$320.67
Intel (INTC)
3.9799 of 5 stars		$19.51+3.6%2.56%-4.45Reduce$24.25
Technology Select Sector SPDR Fund (XLK)N/A$192.46+2.4%0.81%30.46Moderate Buy$192.46
NVIDIA (NVDA)
4.9327 of 5 stars		$98.89+2.0%0.04%38.92Moderate Buy$165.01
Advanced Micro Devices (AMD)
4.7686 of 5 stars		$86.26+0.8%N/A87.13Moderate Buy$142.23
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