Synopsys Given “Neutral” Rating at JPMorgan Chase & Co. (SNPS)
Synopsys (NASDAQ:SNPS)‘s stock had its “neutral” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Thursday. They currently have a $46.50 price target on the stock, up from their previous price target of $45.00. JPMorgan Chase & Co.’s price target would suggest a potential upside of 18.26% from the company’s current price.
Synopsys (NASDAQ:SNPS) traded up 6.03% on Thursday, hitting $41.67. 814,278 shares of the company’s stock traded hands. Synopsys has a one year low of $34.55 and a one year high of $41.62. The stock’s 50-day moving average is $38.73 and its 200-day moving average is $38.79. The company has a market cap of $6.448 billion and a P/E ratio of 25.84.
Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.05. The company had revenue of $521.80 million for the quarter. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts expect that Synopsys will post $2.48 EPS for the current fiscal year.
Synopsys, Inc is engaged in providing technology solutions used to develop electronics and electronic systems.
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