This summary was created by AI, based on 5 opinions in the last 12 months.
Synopsys Inc (SNPS-Q) is a company that provides software powering Nvidia to make GPU chips. Its February 21 earnings outperformed expectations, leading to a raised guidance and a 12-month target of $648. The company recently acquired a visualizations and simulations company and is a leader in electronic design automation products. Despite being profitable, it is highly leveraged and does not offer dividends. The street expects the company to grow significantly, especially in the AI sector.
Their software is powering Nvidia to make GPU chips. SNPS shares have run up as a result, though weakened in the past month. Price-to-cash flow is estimated to fall between 2025 and 2026, so the street expects the company to grow a lot. He believes AI will continue to grow. SNPS's valuation isn't extreme like others in AI.
February 21 earnings banged it out of the park. Raised guidance, a rare event. 12-month target of $648, still decent runway left. If looking to buy in, try in stages at $570-575, and $525.
Might want to write some calls. For quite a pretty penny, bought a company that does visualizations and simulations. You can own it here around $550, more at $520, and just south of $500.
(Analysts’ price target is $610.00)Took off once the US 10-year rate came down. Profitable, but highly leveraged. Electronic design automation products to design and test integrated semiconductor circuits. Lots of horses. Leader in EDA, which will help semi industry with labour shortages. Buy here around $518, again just shy of $500. Shouldn't go under $470, and definitely not under $450. No dividend.
(Analysts’ price target is $611.38)They do electronic design automation for all the chips, including Nvidia's. They report in two weeks. Is up 50% since breaking out in June.
Today they reported strong: in-line revenue, an earnings beat, and raised revenue and earnings guidance. Shares rallied after hours. That said, they said the CEO will resign to become the chair of the board.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They saw some decline today but recouped somewhat. Sales missed estimates and they announced a small per share loss. Margins remain stable and they saw an analyst upgrade. Strong growth is expected for the next few years and their financial position remains healthy. Unlock Premium - Try 5i Free
Synopsys Inc is a American stock, trading under the symbol SNPS-Q on the NASDAQ (SNPS). It is usually referred to as NASDAQ:SNPS or SNPS-Q
In the last year, 5 stock analysts published opinions about SNPS-Q. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Synopsys Inc.
Synopsys Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Synopsys Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered Synopsys Inc In the last year. It is a trending stock that is worth watching.
On 2024-11-22, Synopsys Inc (SNPS-Q) stock closed at a price of $565.07.
It trades in line with NVDA, which is going down (though he likes it).