Fintel reports that on November 22, 2024, Wells Fargo initiated coverage of Synopsys (XTRA:SYP) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 19.62% Upside
As of October 21, 2024, the average one-year price target for Synopsys is 602,75 €/share. The forecasts range from a low of 461,22 € to a high of 684,06 €. The average price target represents an increase of 19.62% from its latest reported closing price of 503,90 € / share.
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The projected annual revenue for Synopsys is 6,629MM, an increase of 2.25%. The projected annual non-GAAP EPS is 12.40.
What is the Fund Sentiment?
There are 2,346 funds or institutions reporting positions in Synopsys. This is an decrease of 35 owner(s) or 1.47% in the last quarter. Average portfolio weight of all funds dedicated to SYP is 0.42%, an increase of 9.88%. Total shares owned by institutions increased in the last three months by 0.71% to 163,821K shares.
What are Other Shareholders Doing?
BlackRock holds 13,246K shares representing 8.62% ownership of the company.
Capital World Investors holds 7,165K shares representing 4.66% ownership of the company. In its prior filing, the firm reported owning 7,395K shares , representing a decrease of 3.21%. The firm decreased its portfolio allocation in SYP by 21.61% over the last quarter.
Price T Rowe Associates holds 4,857K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 5,548K shares , representing a decrease of 14.22%. The firm decreased its portfolio allocation in SYP by 64.21% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,840K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 4,795K shares , representing an increase of 0.93%. The firm increased its portfolio allocation in SYP by 2.20% over the last quarter.
Jpmorgan Chase holds 4,054K shares representing 2.64% ownership of the company. In its prior filing, the firm reported owning 5,917K shares , representing a decrease of 45.96%. The firm decreased its portfolio allocation in SYP by 96.36% over the last quarter.
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