Analyst Ratings for Synopsys Inc. (SNPS)

Updated: 2017-07-26

Synopsys Inc. (NASDAQ:SNPS) was awarded an average rating of Overweight from investment analysts following the stock. SNPS had previously received a consensus rating of Overweight a month ago.

A buy rating was issued by 7 analysts, 0 gave an overweight rating, 3 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has increased by 0.

Many analysts weighed in on price targets for SNPS. The most optimistic analyst gave a price target of 87, implying a possible profit of 13.16 percent. The most pessimistic analyst gave a price target of 70, implying a possible loss of -8.95 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 39.68 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -2.57 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

SNPS has an estimated earnings growth rate of 4.37 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. SNPS has a PEG ratio of 9.83.

SNPS has traded between a high of 77.25 and a low of 53.53 over the past year. Today's price is 43.62 percent above the 52-week low, and below the high by 0.48 percent. SNPS has a P/E ratio of 42.95. Investors typically compare the P/E ratio to a company's peers in the industry. The SNPS value stock report compares SNPS to some of its peers using value stock charts. The stock has a market capitalization of $11.48 billion. SNPS's next earnings release will be on 0000-00-00, which is days away.