# Synopsys, Inc. – Consensus ‘buy’ rating and 17.1% Upside Potential

- Link: https://www.directorstalkinterviews.com/synopsys-inc.consensus-buy-rating-and-17.1-upside-potential/4121165660
- Published: 2024-07-22T13:09:13+01:00
- Author: Charlotte Edwards

**Synopsys, Inc.** with ticker code (SNPS) have now 15 market analysts covering 
the stock. The analyst consensus now points to a rating of ‘buy’. The target price
High/Low ranges between $707.78 and $615.00 with the average target price sitting
at $656.11. Given that the stocks previous close was at $560.38 this indicates there
is a potential upside of 17.1%. Also worth taking note is the 50 day moving average
now sits at $586.36 and the 200 day moving average is $546.88. The company has a
market cap of 86.28B. The stock price for Occidental Petroleum Corporation is $563.12
USD

 The potential market cap would be $101,018,080,668 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 61.34, revenue per share of $41.44
and a 8.71% return on assets.

Synopsys, Inc. provides products and services across the silicon to software spectrum.
The Company operates through two segments: Semiconductor & System Design and Software
Integrity. The Semiconductor & System Design segment includes its advanced silicon
design, verification products and services, and semiconductor intellectual property(
IP) portfolio that encompasses products and services that serve companies primarily
in the semiconductor and electronics industries. This segment also supplies the 
electronic design automation (EDA) software that engineers use to design and test
integrated circuits (ICs), also known as chips. The Software Integrity segment includes
a portfolio of products and services to intelligently address software risks across
the customer portfolio and at all stages of the application lifecycle. This segment
offers software tools and services that include security and testing products. The
Company also provides application security Software-as-a-Service (SaaS).

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