Synopsys, Inc. (SNPS)
NASDAQ: SNPS · IEX Real-Time Price · USD
609.66
+7.91 (1.31%)
At close: Jul 2, 2024, 4:00 PM
609.50
-0.16 (-0.03%)
After-hours: Jul 2, 2024, 7:55 PM EDT
Synopsys Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Synopsys stock have an average target of 624, with a low estimate of 500 and a high estimate of 690. The average target predicts an increase of 2.35% from the current stock price of 609.66.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Synopsys stock from 12 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Buy | 5 | 5 | 5 | 6 | 7 | 7 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 11 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keybanc | Keybanc | Buy Maintains $675 → $690 | Buy | Maintains | $675 → $690 | +13.18% | Jun 27, 2024 |
| Needham | Needham | Strong Buy Reiterates $660 | Strong Buy | Reiterates | $660 | +8.26% | May 23, 2024 |
| Baird | Baird | Buy Maintains $640 → $645 | Buy | Maintains | $640 → $645 | +5.80% | May 23, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $650 → $655 | Buy | Maintains | $650 → $655 | +7.44% | May 23, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $615 | Strong Buy | Maintains | $615 | +0.88% | May 23, 2024 |
Financial Forecast
Revenue This Year
6.25B
from 5.84B
Increased by 7.02%
Revenue Next Year
7.08B
from 6.25B
Increased by 13.16%
EPS This Year
13.23
from 7.92
Increased by 67.06%
EPS Next Year
15.29
from 13.23
Increased by 15.53%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.5B | 8.1B | 9.3B | 9.2B | 10.3B |
| Avg | 6.3B | 7.1B | 8.1B | 8.9B | 10.0B |
| Low | 6.0B | 6.5B | 7.5B | 8.5B | 9.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.8% | 29.2% | 31.9% | 13.2% | 15.5% |
| Avg | 7.0% | 13.2% | 14.4% | 9.7% | 12.2% |
| Low | 2.6% | 3.8% | 6.0% | 5.1% | 7.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.77 | 16.38 | 18.85 | 20.76 | 23.21 |
| Avg | 13.23 | 15.29 | 17.95 | 20.11 | 22.54 |
| Low | 12.68 | 14.15 | 16.80 | 19.27 | 21.66 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 73.9% | 23.8% | 23.3% | 15.7% | 15.4% |
| Avg | 67.1% | 15.5% | 17.4% | 12.0% | 12.1% |
| Low | 60.1% | 7.0% | 9.9% | 7.4% | 7.7% |
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.