SNPS Price Prediction Next Week
Based on the provided data and recent market activity, here's a comprehensive analysis and price prediction for SNPS for the next trading week:
Technical Analysis
- Current price: $545.41 with recent resistance at $553.27 and support at $542.15
- RSI(14) at 64.10 indicates moderately overbought conditions but not extreme
- MACD at 7.60 shows positive momentum
- Trading below 200-day SMA ($538.17) but above 20-day SMA ($505.92)
News Sentiment & Fundamental Catalysts
- Upcoming Q1 earnings release on February 19, 2025
- Analysts expect EPS of $1.86, down 35.9% YoY
- Strong track record of beating estimates in last four quarters
- For fiscal 2025, analysts project EPS of $10.64, up 3.8% from fiscal 2024
Price Target Analysis Based on technical indicators and upcoming catalysts:
- Short-term resistance: $553 (recent high)
- Support level: $542 (recent low)
- Next week's predicted trading range: $540-560
Price Prediction for Next Week
- Base case (60% probability): $555
- Bullish case (25% probability): $565
- Bearish case (15% probability): $535
Trading Recommendation SELL with target price of $535 Rationale:
- Stock is showing signs of being overbought
- Trading below 200-day SMA indicates bearish long-term trend
- Upcoming earnings could create volatility and potential downside risk
- Recent lackluster revenue outlook for fiscal 2025
- Technical indicators suggest potential pullback after recent gains
Key Risk Factors
- Better-than-expected Q1 earnings could drive prices higher
- Positive analyst revisions ahead of earnings
- General market sentiment towards semiconductor sector
SNPS Similar Chart Price Prediction
The price of SNPS is predicted to go up 8.15%, based on the high correlation periods with FN. The similarity of these two price pattern on the periods is 96%.
SNPS
FN
Up: 8.15%Similarity: 96%
SNPS Revenue Forecast
SNPS EPS Forecast
SNPS FAQs
What is revenue forecast for next quarter？
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SNPS VS S&P500
Secular tailwinds in chip design such as 5G, Internet of Things, AI, and others should increase demand for EDA tools and support growth for Synopsys.
The growing software integrity business enables a larger TAM for Synopsys and addresses expanding demand for real-time identification of security vulnerabilities across the entire software development lifecycle.
Synopsys provides mission-critical EDA software, having relationships with all major domestic chip designers and retention rates of approximately 100%.
SNPS Analyst's Forecast
Lachlan Brown
Redburn Atlantic
Strong Buy
Price Target
$600
Upside
+23.09%
Redburn Atlantic initiated coverage of Synopsys with a Buy rating and $600 price target as the firm launched coverage of the two "leaders" in Electronic Design Automation. The firm highlighted three "structural growth drivers that will underpin EDA market growth for the remainder of the decade," including ASIC/hyperscaler design flows, monetization of GenAI tools and the proliferation of multi-die designs.
Clarke Jeffries
Piper Sandler
Buy
Price Target
$670 → $655
Upside
+26.62%
Gary Mobley
Wells Fargo
Hold
Price Target
$570
Upside
+0.87%