Rosenblatt Securities analyst John McPeake maintained a Buy rating on Synopsys (NASDAQ:SNPS) on Friday, setting a price target of $349, which is approximately 4.06% above the present share price of $335.38.
McPeake expects Synopsys to post earnings per share (EPS) of $1.30 for the third quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Synopsys, with an average price target of $340.14.
The analysts price targets range from a high of $350 to a low of $315.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $1.06 billion and a net profit of $217.07 million. The company's market cap is $51.15 billion.
According to TipRanks.com, Rosenblatt Securities analyst John McPeake is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 18.7% and a 100.00% 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.