Stock To Watch: Synopsys, Inc. (NASDAQ:SNPS)


The leading market experts have placed a mean price target of $56.50 on Synopsys, Inc. (NASDAQ:SNPS) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.75 a share for the upcoming quarter and $2.99 for the current fiscal.

Technical View

The technical analysis of Synopsys, Inc. plainly substantiates that the 50-day moving average of Synopsys, Inc. is $54.55, and stock is trading $1.19 points away or +2.19% from its 50-day moving average of $54.55. Further it is trading $6.10 or +12.28% away its 200-day moving average of $49.64. Synopsys, Inc. (NASDAQ:SNPS) 52-week high is $56.29 and the 52-week low is $39.26.

This explains if the stock moves $-0.55, it will post a 52-week high. In event of +41.98% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Synopsys, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Synopsys, Inc. (NASDAQ:SNPS) ratio came in at 37.21.

The stock last ended the trading session at $55.74 and registered a market cap of $8.46B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Synopsys, Inc. (NASDAQ:SNPS) PEG ratio is at 2.08.

1 Chart Pattern Every Investor Should Know

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