Synopsys, Inc. (SNPS)
NASDAQ: SNPS · Real-Time Price · USD
567.64
+1.71 (0.30%)
Dec 3, 2024, 1:49 PM EST - Market open
Synopsys Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Synopsys stock have an average target of 648.45, with a low estimate of 570 and a high estimate of 690. The average target predicts an increase of 14.24% from the current stock price of 567.64.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Synopsys stock from 11 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Buy | 7 | 7 | 6 | 6 | 7 | 5 |
| Hold | 0 | 0 | 0 | 0 | 0 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 11 | 11 | 12 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Hold Initiates $570 | Hold | Initiates | $570 | +0.42% | Nov 22, 2024 |
| Loop Capital | Loop Capital | Strong Buy Initiates $675 | Strong Buy | Initiates | $675 | +18.91% | Nov 11, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $687 → $670 | Buy | Maintains | $687 → $670 | +18.03% | Oct 24, 2024 |
| Needham | Needham | Strong Buy Reiterates $640 | Strong Buy | Reiterates | $640 | +12.75% | Oct 22, 2024 |
| Mizuho | Mizuho | Buy Initiates $650 | Buy | Initiates | $650 | +14.51% | Oct 22, 2024 |
Financial Forecast
Revenue This Year
6.26B
from 5.84B
Increased by 7.16%
Revenue Next Year
7.04B
from 6.26B
Increased by 12.38%
EPS This Year
13.38
from 7.92
Increased by 69.00%
EPS Next Year
15.18
from 13.38
Increased by 13.44%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.6B | 7.4B | 8.4B | ||
| Avg | 6.3B | 7.0B | 8.0B | ||
| Low | 6.0B | 6.6B | 7.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.6% | 17.5% | 18.9% | ||
| Avg | 7.2% | 12.4% | 13.6% | ||
| Low | 2.6% | 5.3% | 7.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.07 | 15.92 | 18.61 | ||
| Avg | 13.38 | 15.18 | 17.58 | ||
| Low | 12.69 | 14.16 | 16.42 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 77.7% | 18.9% | 22.5% | ||
| Avg | 69.0% | 13.4% | 15.8% | ||
| Low | 60.2% | 5.8% | 8.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.