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What is the Forecast Price for Synopsys, Inc. (SNPS) Stock?

Wednesday, December 04, 2019 01:39 PM | InvestorsObserver Analysts

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What is the Forecast Price for Synopsys, Inc. (SNPS) Stock?

Analysts who follow Synopsys, Inc. (SNPS) on average expect it to gain 11.15% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.

That average rating puts the stock higher than 69 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 is trading at $135.97 as of 1:31 PM on Wednesday, Dec 4, a gain of $0.76, or 0.56% from the previous closing price of $135.21. The stock has traded between $135.32 and $137.20 so far today. Volume today is light. So far 407,047 shares have traded compared to average volume of 889,328 shares.

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