Synopsys, Inc [SNPS] stock prices are up 0.58% to $529.75 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SNPS shares have gain 8.68% over the last week, with a monthly amount glided 3.49%, and 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 January 13, 2025, when Redburn Atlantic initiated its Buy rating and assigned the stock a price target of $600. Previously, Wells Fargo started tracking the stock with Equal Weight rating on November 22, 2024, and set its price target to $570. On November 12, 2024, Loop Capital initiated with a Buy rating and assigned a price target of $675 on the stock. Mizuho started tracking the stock assigning a Outperform rating and suggested a price target of $650 on October 22, 2024. Berenberg initiated its recommendation with a Buy and recommended $660 as its price target on October 15, 2024. Piper Sandler started tracking with a Overweight rating for this stock on April 04, 2024, and assigned it a price target of $665. In a note dated November 30, 2023, Needham reiterated an Buy rating on this stock and boosted its target price from $500 to $660.
The stock price of Synopsys, Inc [SNPS] has been fluctuating between $457.52 and $629.38 over the past year. Currently, Wall Street analysts expect the stock to reach $588.67 within the next 12 months. Synopsys, Inc [NASDAQ: SNPS] shares were valued at $529.75 at the most recent close of the market. An investor can expect a potential return of 11.12% based on the average SNPS price forecast.
Analyzing the SNPS fundamentals
The Synopsys, Inc [NASDAQ:SNPS] reported sales of 6.26B for trailing twelve months, representing a surge of 2.07%. 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 0.3 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
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 526.05 points at the first support level, and at 522.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 534.46, and for the 2nd resistance point, it is at 539.18.
Ratios To Look Out For
It’s worth pointing out that Synopsys, Inc [NASDAQ:SNPS]’s Current Ratio 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 13.08, the price to book ratio is 9.08 and price to earnings (TTM) ratio is 36.48.
Transactions by insiders
Recent insider trading involved MAHONEY RICHARD S., Chief Revenue Officer, that happened on Jan 15 ’25 when 20838.0 shares were sold. Officer, RICHARD S. MAHONEY completed a deal on Jan 15 ’25 to buy 20838.0 shares. Meanwhile, PRESIDENT AND CEO Ghazi Sassine sold 10293.0 shares on Aug 23 ’24.
