Key Highlights:
- Synopsys and Ansys's merger is pending final approval from Chinese regulators.
- Synopsys shares experienced a slight increase in premarket trading.
- Analysts foresee a significant upside for Synopsys stock based on current estimates.
Synopsys and Ansys: Merger Update
Synopsys (SNPS, Financial) and Ansys have revealed that their anticipated merger is progressing, with final regulatory approval from China being the last hurdle. This significant step forward comes after the merger has already secured clearance in other global markets. The investment community reacted favorably to this development, as evidenced by the 0.7% increase in Synopsys shares during premarket trading.
Analyst Forecasts and Price Targets
According to insights from 20 analysts, Synopsys Inc (SNPS, Financial) holds an average one-year price target of $584.19. With high and low estimates ranging from $658.01 to $502.41, these projections suggest a potential upside of 14.11% from the current stock price of $511.94. For a more detailed analysis, visit the Synopsys Inc (SNPS) Forecast page.
Brokerage Firm Recommendations
Synopsys Inc (SNPS, Financial) enjoys an "Outperform" rating based on the consensus from 21 brokerage firms, reflected in its average brokerage recommendation score of 1.9 on a scale where 1 indicates a Strong Buy and 5 signifies a Sell.
GF Value Estimation
GuruFocus's estimation of Synopsys Inc's (SNPS, Financial) GF Value predicts a value of $625.59 in a year, indicating a possible upside of 22.2% from the current price of $511.94. This value reflects the fair price of the stock based on historical trading multiples, past growth performance, and anticipated future business outcomes. For a comprehensive breakdown, refer to the Synopsys Inc (SNPS) Summary page.
