SNPS Price Prediction Next Week
Analysis and Insights
News and Fundamental Analysis:
- Earnings and Revenue: Synopsys reported mixed Q1 results, with revenue slightly below estimates at $1.455 billion but adjusted EPS beating expectations at $3.03. The company expects strong growth in AI and HPC sectors, though challenges remain in other markets.
- Insider Sentiment: CEO Sassine Ghazi sold $5.37 million worth of shares, though still holds a significant stake. Insider confidence is currently negative, with $15.8 million in sales over the last three months.
- Analyst Consensus: Despite challenges, analysts maintain a Strong Buy rating with a $620.30 price target, indicating a 39.25% upside potential.
Technical Analysis:
- Price Action: SNPS closed at $450.88 on March 7, 2025, with a real-time price of $449.03. The stock is trading below its 50-day SMA but above its 200-day SMA, indicating a potential bullish reversal.
- RSI: The RSI (14) is at 35.69, suggesting the stock is oversold and due for a bounce.
- Fibonacci Levels: Key resistance at $479.63 and support at $435.14. The stock is currently testing the lower end of its recent range.
Price Prediction and Recommendation:
Based on the oversold RSI, strong analyst sentiment, and potential for a technical bounce, SNPS is likely to see a short-term recovery. Target resistance at $479.63 with a stop-loss at $435.14.
Conclusion:
Buy SNPS with a target price of $479.63 and a stop-loss at $435.14. The stock is oversold and has strong upside potential driven by AI growth and positive analyst sentiment.
SNPS Similar Chart Price Prediction
The price of SNPS is predicted to go up -0.68%, based on the high correlation periods with CDNS. The similarity of these two price pattern on the periods is 99.15%.
SNPS
CDNS
Down: -0.68%Similarity: 99.15%
SNPS Revenue Forecast
SNPS EPS Forecast
SNPS FAQs
What is SNPS revenue forecast for next quarter？
What is SNPS eps forecast for next quarter？
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
Joe Quatrochi
Wells Fargo
Hold
2025-02-27
Price Target
$540 → $520
Upside
+14.36%
Wells Fargo analyst Joe Quatrochi lowered the firm's price target on Synopsys to $520 from $540 and keeps an Equal Weight rating on the shares. The firm notes shares are up modestly as Synopsys delivered a clean Q1 print and reiterated 2025 guide despite incremental China demand weakness. With continued regulatory progress, Wells expects shares to remain range bound as focus continues on a first half of 2025 Ansys deal close.
Lee Simpson
Morgan Stanley
Buy
2025-02-24
Price Target
$625 → $590
Upside
+25.51%
Lachlan Brown
Redburn Atlantic
Strong Buy
2025-01-13
Price Target
$600
Upside
+23.09%
