Synopsys, Inc. (SNPS)
NASDAQ: SNPS · IEX Real-Time Price · USD
519.71
-7.87 (-1.49%)
At close: Apr 18, 2024, 4:00 PM
518.00
-1.71 (-0.33%)
After-hours: Apr 18, 2024, 7:58 PM EDT
Synopsys Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Synopsys stock have an average target of 618.73, with a low estimate of 500 and a high estimate of 675. The average target predicts an increase of 19.05% from the current stock price of 519.71.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Buy | 5 | 5 | 5 | 5 | 5 | 6 |
| 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 | 10 | 10 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Initiates $665 | Buy | Initiates | $665 | +27.96% | Apr 4, 2024 |
| Needham | Needham | Strong Buy Reiterates $660 | Strong Buy | Reiterates | $660 | +26.99% | Mar 22, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Reiterates $615 | Strong Buy | Reiterates | $615 | +18.34% | Mar 21, 2024 |
| Baird | Baird | Buy Maintains $624 → $640 | Buy | Maintains | $624 → $640 | +23.15% | Feb 22, 2024 |
| Needham | Needham | Strong Buy Reiterates $660 | Strong Buy | Reiterates | $660 | +26.99% | Feb 22, 2024 |
Financial Forecast
Revenue This Year
6.65B
from 5.84B
Increased by 13.85%
Revenue Next Year
7.53B
from 6.65B
Increased by 13.18%
EPS This Year
13.73
from 7.92
Increased by 73.34%
EPS Next Year
15.91
from 13.73
Increased by 15.89%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.1B | 8.1B | 9.3B | 9.9B | 11.1B |
| Avg | 6.7B | 7.5B | 8.7B | 9.6B | 10.8B |
| Low | 6.0B | 6.7B | 8.1B | 9.2B | 10.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.9% | 21.5% | 23.9% | 14.0% | 15.2% |
| Avg | 13.9% | 13.2% | 15.4% | 10.8% | 11.9% |
| Low | 2.1% | 0.5% | 7.3% | 6.4% | 7.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.00 | 17.67 | 20.64 | 22.68 | 25.07 |
| Avg | 13.73 | 15.91 | 19.46 | 22.03 | 24.36 |
| Low | 12.63 | 14.46 | 17.88 | 21.17 | 23.40 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 89.4% | 28.7% | 29.7% | 16.5% | 13.8% |
| Avg | 73.3% | 15.9% | 22.3% | 13.2% | 10.6% |
| Low | 59.5% | 5.3% | 12.3% | 8.8% | 6.2% |
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.