Why Synopsys, Inc. (NASDAQ:SNPS) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $61.63 on Synopsys, Inc. (NASDAQ:SNPS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.02 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Synopsys, Inc. (NASDAQ:SNPS) stands at 38.05.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Synopsys, Inc., the PEG ratio for coming 3-5 years is 2.16.

Technical Analysis

The technical analysis highlights that Synopsys, Inc. current is trading $3.42 points away or +6.08% from its 50-day moving average of $56.25. Further it is trading $8.64 or +16.93% away its 200-day moving average of $51.03.

The 52-week high of Synopsys, Inc. (NASDAQ:SNPS) was $59.80 while lowest point recorded in 52-week was $39.26. It implies if stock price makes a movement of over $-0.13, it will record a new 52-week high. In the case of +51.99% drop, it will touch a new 52-week low.

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