A share price of Synopsys, Inc [SNPS] is currently trading at $522.11, up 2.72%. An important factor to consider is whether the stock is rising or falling in short-term value. The SNPS shares have gain 2.68% over the last week, with a monthly amount drifted -4.78%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Synopsys, Inc [NASDAQ: SNPS] stock has seen the most recent analyst activity on November 22, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $570. Previously, Loop Capital started tracking the stock with Buy rating on November 12, 2024, and set its price target to $675. On October 22, 2024, Mizuho initiated with a Outperform rating and assigned a price target of $650 on the stock. Berenberg started tracking the stock assigning a Buy rating and suggested a price target of $660 on October 15, 2024. Piper Sandler initiated its recommendation with a Overweight and recommended $665 as its price target on April 04, 2024. Needham reiterated a Buy rating for this stock on November 30, 2023, and upped its price target to $660. In a note dated November 10, 2023, Morgan Stanley initiated an Overweight rating and provided a target price of $600 on this stock.
Synopsys, Inc experienced fluctuations in its stock price throughout the past year between $457.52 and $629.38. Currently, Wall Street analysts expect the stock to reach $603.14 within the next 12 months. Synopsys, Inc [NASDAQ: SNPS] shares were valued at $522.11 at the most recent close of the market. An investor can expect a potential return of 15.52% based on the average SNPS price forecast.
Analyzing the SNPS fundamentals
Trailing Twelve Months sales for Synopsys, Inc [NASDAQ:SNPS] were 6.27B which represents 2.36% growth. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.36%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.29 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 509.96 points at the first support level, and at 497.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 529.79, and for the 2nd resistance point, it is at 537.48.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Synopsys, Inc [NASDAQ:SNPS] is 2.44. On the other hand, the Quick Ratio is 2.30, and the Cash Ratio is 1.47. Considering the valuation of this stock, the price to sales ratio is 12.71, the price to book ratio is 8.95 and price to earnings (TTM) ratio is 35.96.
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.
