Rosenblatt Securities analyst Blair Abernethy maintained a Buy rating on Synopsys (NASDAQ:SNPS) on Monday, setting a price target of $365, which is approximately 1.97% above the present share price of $357.95.
Abernethy expects Synopsys to post earnings per share (EPS) of $1.30 for the fourth quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Synopsys, with an average price target of $346.67.
The analysts price targets range from a high of $365 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 $54.59 billion.
According to TipRanks.com, Rosenblatt Securities analyst Blair Abernethy is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 10.6% and a 62.07% 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.