Synopsys, Inc. (NASDAQ:SNPS) had its stock rating indicated as ‘Outperform’ in a report released by analysts at Credit Suisse.
Credit Suisse today set a target price of 68 on the company’s stock. According to the analyst this now indicates there is a potential increase of 13.79% from Synopsys, Inc.’s current price of 59.76.
Over the last twelve months Synopsys, Inc.’s stock price has increased by 23.47% from 48.4 to 59.76.
There are currently 151,338,000 shares in issue with a current share value of 59.76 giving Synopsys, Inc. a market capitalisation of 9.04B USD .
Synopsys, Inc. (NASDAQ:SNPS) has a 50 day moving average of 59.23 and a 200 day moving average of 53.98. The 52 week high for the share price is 61.36 while the 52 week low for the stock is 39.26.
Synopsys, Inc. provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves. It provides software and hardware used to develop the electronic systems that incorporate chips and the software that runs on them. It provides technical services to support its solutions and help its customers develop chips and electronic systems. It is also a provider of software tools that developers use to develop software code in a range of industries, including electronics, financial services, energy, and industrials. It offers products and services in four categories: core EDA; IP, Systems and Software Integrity; Manufacturing Solutions, and Professional Services and Other.