Key Insights:
- Synopsys moves forward in its $35 billion acquisition of Ansys with a promising preliminary agreement from China's antitrust regulator.
- Analysts suggest a potential 22.28% upside for Synopsys stock with price targets ranging from $502.41 to $707.78.
- GuruFocus projects a 27.72% upside based on the estimated GF Value of $621.85, highlighting potential investment opportunities.
Synopsys (SNPS, Financial) is progressing in its strategic acquisition of Ansys, valued at $35 billion. This major deal receives a positive nod from China's antitrust authority through an accepted preliminary remedy package. The proposal necessitates divesting Synopsys's Optical Solution Group and Ansys's PowerArtist, with Keysight (KEYS) poised to acquire these assets. However, the final approval is contingent upon the dynamics of U.S.-China relations.
Synopsys Stock Projections by Wall Street Analysts
Analyzing insights from 21 top analysts, Synopsys Inc (SNPS, Financial) is predicted to have an average target price of $595.36 within a year. This projection includes a high estimate of $707.78 and a low of $502.41, indicating a potential upside of 22.28% from the current stock price of $486.89. For further insight, visit the Synopsys Inc (SNPS) Forecast page.
The consensus among 21 brokerage firms positions Synopsys Inc (SNPS, Financial) at an average recommendation of 1.9, suggesting an "Outperform" status. The rating is on a scale from 1 to 5, where 1 equates to a Strong Buy and 5 represents a Sell. This indicates strong confidence in the company's performance potential.
GuruFocus's Take on Synopsys' Valuation
According to GuruFocus projections, the estimated GF Value for Synopsys Inc (SNPS, Financial) within a year stands at $621.85, implying a substantial upside of 27.72% from its current price of $486.89. The GF Value is a calculated fair value estimate, derived from historical trading multiples, past business growth trends, and future business performance estimates. More comprehensive data are available on the Synopsys Inc (SNPS) Summary page.
