1 Reason Wall Street Is Obsessed With Synopsys Stock
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Wall Street remains optimistic about Synopsys (SNPS) despite a disappointing Q3 earnings report that caused a drop in share price. Of the 22 analysts covering the stock, 18 maintain "buy" or "outperform" ratings, with price targets ranging from $500 to $630, significantly above the current price. The core EDA segment is performing well, and the recent acquisition of Ansys is expected to enhance growth opportunities. Analysts believe that the potential for growth outweighs the risks associated with the Design IP segment.
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