Synopsys, Inc. (SNPS)
NASDAQ: SNPS · IEX Real-Time Price · USD
570.38
-42.63 (-6.95%)
At close: Jul 17, 2024, 4:00 PM
574.99
+4.61 (0.81%)
After-hours: Jul 17, 2024, 7:58 PM EDT

Synopsys Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Synopsys stock have an average target of 626.58, with a low estimate of 500 and a high estimate of 690. The average target predicts an increase of 9.85% from the current stock price of 570.38.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $500 $626.58 $650 $690
Change -12.34% +9.85% +13.96% +20.97%

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 Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 555555
Buy 556777
Hold 000000
Sell 000000
Strong Sell 000000
Total 101011121212

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Piper Sandler
Piper Sandler
Buy
Maintains
$672$687
Buy Maintains $672$687 +20.45% Jul 10, 2024
Baird
Baird
Buy
Maintains
$645$661
Buy Maintains $645$661 +15.89% Jul 2, 2024
Keybanc
Keybanc
Buy
Maintains
$675$690
Buy Maintains $675$690 +20.97% Jun 27, 2024
Needham
Needham
Strong Buy
Reiterates
$660
Strong Buy Reiterates $660 +15.71% May 23, 2024
Baird
Baird
Buy
Maintains
$640$645
Buy Maintains $640$645 +13.08% May 23, 2024
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
3.36B3.69B4.20B5.08B5.84B6.25B7.08B8.10B8.88B9.96B
Revenue Growth
7.68%9.66%14.08%20.87%14.98%7.02%13.16%14.43%9.67%12.16%
EPS
3.454.274.816.297.9213.2315.2917.9520.1122.54
EPS Growth
22.34%23.77%12.65%30.77%25.91%67.06%15.53%17.41%12.05%12.10%
Forward PE
-----43.1137.3131.7828.3625.30
No. Analysts -----20191143
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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.