Robert W. Baird analyst Joseph Vruwink maintained a Buy rating on Synopsys (NASDAQ:SNPS) on Wednesday, setting a price target of $320, which is approximately 32.23% above the present share price of $242.
Vruwink expects Synopsys to post earnings per share (EPS) of $1.06 for the second quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Synopsys, with an average price target of $326.5.
The analysts price targets range from a high of $333 to a low of $320.
In its latest earnings report, released on 01/31/2021, the company reported a quarterly revenue of $970.32 million and a net profit of $148.35 million. The company's market cap is $36.92 billion.
According to TipRanks.com, Robert W. Baird analyst Joseph Vruwink is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 23.0% and a 68.63% success rate.
California-based Synopsys, Inc. is a software company which develops electronic products and software applications in the electronic design automation (EDA) industry. The firm operates through two segments: (1) Semiconductor & System Design, which includes EDA tools, IP products, system integration solutions and associated services, and (2) Software Integrity, which includes security and quality solutions for software development across many industries.