RBC Capital Markets Boosts Synopsys, Inc. (SNPS) Price Target to $77.00

SNPS has been the subject of several other research reports.

Shares of Synopsys, Inc. Zacks Investment Research downgraded Synopsys from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 5th. They issued an outperform rating and a $68.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Needham & Company LLC increased their price target on Synopsys from $60.00 to $66.00 and gave the company a "buy" rating in a research report on Thursday, December 1st.

Shares of Synopsys (NASDAQ:SNPS) opened at 66.26 on Thursday. Monitoring the stock price relative to moving averages and highs and lows for the year may help evaluate the value of the stock in the future.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, February 15th.

Synopsis reported first-quarter revenue of $652.8 million, up 14.8% year over year and $15 million higher than the average analyst estimate. Revenues hit $633.72M in the October 2017 quarter, which was above the consensus $628.41M projection.

Synopsys, Inc. (NASDAQ:SNPS) witnessed a decline in the market cap on Tuesday as its shares dropped 0.21% or 0.14 points. On average, equities analysts anticipate that Synopsys, Inc. will post $3.20 EPS for the current year.

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On a per-share basis, the Mountain View, California-based company said it had net income of 56 cents.

This report was first posted by Community Financial News and is owned by of Community Financial News. Sumitomo Mitsui Asset Management Company LTD raised its position in Synopsys by 0.3% in the second quarter.

Looking at stock performance, company shares have recently traded $9.266 away from the 50-day moving average of $62.209 and $11.812 away from the 200-day moving average of $59.663. NY raised its position in Synopsys by 3.8% in the second quarter. Martingale Asset Management L P now owns 599,420 shares of the company's stock worth $32,418,000 after buying an additional 129,013 shares during the last quarter. MA raised its position in Synopsys by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 524,888 shares of the company's stock worth $28,381,000 after buying an additional 34,696 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Synopsys by 1.8% in the second quarter. Numeric Investors LLC now owns 1,009,981 shares of the company's stock worth $54,620,000 after buying an additional 767,356 shares during the last quarter. 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.

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