Synopsys, Inc. (SNPS)

Market Cap	84.61B
Revenue (ttm)	6.13B
Net Income (ttm)	1.41B
Shares Out	152.54M
EPS (ttm)	9.06
PE Ratio	60.99
Forward PE	41.26
Dividend	n/a
Ex-Dividend Date	n/a

Volume	180,211
Open	552.88
Previous Close	557.39
Day's Range	552.53 - 559.87
52-Week Range	370.21 - 629.38
Beta	1.07
Analysts	Strong Buy
Price Target	618.73 (+11.51%)
Earnings Date	May 22, 2024

About SNPS

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to pe...

• Industry: Software - Infrastructure
• Sector: Technology
• IPO Date: Feb 26, 1992
• Employees: 20,300
• Stock Exchange: NASDAQ
• Ticker Symbol: SNPS

Financial Performance

In 2023, Synopsys's revenue was $5.84 billion, an increase of 14.98% compared to the previous year's $5.08 billion. Earnings were $1.23 billion, an increase of 24.91%.

Analyst Forecast

According to 11 analysts, the average rating for SNPS stock is "Strong Buy." The 12-month stock price forecast is $618.73, which is an increase of 11.51% from the latest price.

Price Target

$618.73

(11.51% upside)

Analyst Consensus: Strong Buy