BofA raised the firm’s price target on Synopsys (SNPS) to $630 from $600 and keeps a Buy rating on the shares. The firm believes FY25 is “largely on track despite lumpiness” and argues that Synopsys and its Electronic Design Automation and Intellectual Property peers remain “uniquely levered to secularly rising chip design complexity” and AI design starts, which should drive consistent double-digit sales growth.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SNPS:
- Synopsys price target raised to $660 from $635 at Rosenblatt
- Synopsys price target lowered to $630 from $644 at Baird
- Synopsys Reports Strong 2024 Financial Results
- Synopsys (SNPS) Stock Falls 7% as Guidance Underwhelms
- Closing Bell Movers: Five Below up 13%, PVH slips 6% on earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
