Synopsys, Inc [SNPS] stock is trading at $557.94, up 3.02%. An important factor to consider is whether the stock is rising or falling in short-term value. The SNPS shares have gain 1.76% over the last week, with a monthly amount glided 13.08%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Synopsys, Inc [NASDAQ: SNPS] stock has seen the most recent analyst activity on November 12, 2024, when Loop Capital initiated its Buy rating and assigned the stock a price target of $675. Previously, Mizuho started tracking the stock with Outperform rating on October 22, 2024, and set its price target to $650. On October 15, 2024, Berenberg initiated with a Buy rating and assigned a price target of $660 on the stock. Piper Sandler started tracking the stock assigning a Overweight rating and suggested a price target of $665 on April 04, 2024. Needham reiterated its recommendation of a Buy and raised its price target to $660 on November 30, 2023. Morgan Stanley started tracking with a Overweight rating for this stock on November 10, 2023, and assigned it a price target of $600. In a note dated September 29, 2023, HSBC Securities initiated an Buy rating and provided a target price of $551 on this stock.
Synopsys, Inc [SNPS] stock has fluctuated between $457.52 and $629.38 over the past year. Currently, Wall Street analysts expect the stock to reach $568.06 within the next 12 months. Synopsys, Inc [NASDAQ: SNPS] shares were valued at $557.94 at the most recent close of the market. An investor can expect a potential return of 1.81% based on the average SNPS price forecast.
Analyzing the SNPS fundamentals
Synopsys, Inc [NASDAQ:SNPS] reported sales of 6.23B for the trailing twelve months, which represents a growth of 2.31%. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.22 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 547.47 points at the first support level, and at 537.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 564.48, and for the 2nd resistance point, it is at 571.02.
Ratios To Look Out For
For context, Synopsys, Inc’s Current Ratio is 2.02. On the other hand, the Quick Ratio is 1.87, and the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 13.76, the price to book ratio is 11.12 and price to earnings (TTM) ratio is 57.91.
Transactions by insiders
Recent insider trading involved Ghazi Sassine, PRESIDENT AND CEO, that happened on Aug 23 ’24 when 10293.0 shares were sold. Officer, SASSINE E GHAZI completed a deal on Aug 23 ’24 to buy 10293.0 shares. Meanwhile, EXECUTIVE CHAIR DE GEUS AART sold 493.0 shares on Jul 15 ’24.
