Quick Summary:
- Synopsys (SNPS, Financial) benefits from lifted U.S. export restrictions to China, boosting chip design software sales.
- Analysts predict a potential 11.68% upside with a target price of $584.19.
- GuruFocus estimates suggest a potential 20.74% upside based on GF Value.
Synopsys (SNPS) has recently experienced a favorable shift in its business operations. This is largely due to the U.S. government's decision to lift specific export restrictions to China, which had previously limited the sales of their chip design software. This decision comes in the wake of resolving a rare earths dispute between the two countries, allowing Synopsys to reinstate software access and support for its Chinese clientele.
Wall Street Analysts Forecast
According to the one-year price targets provided by 20 analysts, Synopsys Inc (SNPS, Financial) has an average target price of $584.19, with possible estimates ranging from a high of $658.01 to a low of $502.41. This average target suggests a potential upside of 11.68% from the current price of $523.11. Investors seeking more in-depth analysis can find additional estimate details on the Synopsys Inc (SNPS) Forecast page.
The consensus recommendation from 21 brokerage firms places Synopsys Inc (SNPS, Financial) at an average brokerage recommendation score of 1.9, which translates to an "Outperform" rating. On this scale, a rating of 1 indicates a Strong Buy, whereas a rating of 5 signifies a Sell.
GuruFocus provides a GF Value for Synopsys Inc (SNPS, Financial) estimated at $631.59 for the coming year, indicating a potential upside of 20.74% from the latest price of $523.11. GF Value represents GuruFocus' assessment of the fair value for the stock, calculated from historical trading multiples, past growth, and anticipated future business performance. For further information, investors can consult the Synopsys Inc (SNPS) Summary page.
