Wall Street is positive on Synopsys, Inc. (SNPS). On average, analysts give SNPS a Strong Buy rating. The average price target is $151.125, which means analysts expect the stock to rise by 11.89% over the next twelve months.
That rating is better than 72% of stocks based on data compiled by InvestorsObserver.
Click Here to get the full report on Synopsys, Inc. (SNPS) Stock.
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What's Happening With Synopsys, Inc. Stock Today?
Synopsys, Inc. (SNPS) stock has fallen -2.66% while the S&P 500 has gained 0.15% as of 2:04 PM on Friday, Nov 22. SNPS has fallen -$3.70 from the previous closing price of $138.77 on volume of 536,314 shares. Over the past year the S&P 500 has risen 18.07% while SNPS has gained 57.81%. SNPS earned $4.07 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 33.16.
