Synopsys (SNPS) Stock Forecast, Price Target & Predictions
SNPS Stock Forecast
Synopsys stock forecast is as follows: an average price target of $568.06 (represents a 6.37% upside from SNPS’s last price of $534.02) and a rating consensus of 'Buy', based on 15 wall street analysts offering a 1-year stock forecast.
SNPS Price Target
The average price target for Synopsys (SNPS) is $568.06 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $690.00 to $284.00. This represents a potential 6.37% upside from SNPS's last price of $534.02.
SNPS Analyst Ratings
According to 15 Wall Street analysts, Synopsys's rating consensus is 'Buy'. The analyst rating breakdown for SNPS stock is 0 'Strong Buy' (0.00%), 13 'Buy' (86.67%), 2 'Hold' (13.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Synopsys Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 22, 2024 | Charles Shi | Needham | $640.00 | $505.59 | 26.58% | 19.85% |
| Oct 21, 2024 | Siti Panigrahi | Mizuho Securities | $650.00 | $505.59 | 28.56% | 21.72% |
| Oct 15, 2024 | Ryan Levine | Citigroup | $284.00 | $535.51 | -46.97% | -46.82% |
| Oct 15, 2024 | Nay Soe Naing | Berenberg Bank | $660.00 | $545.46 | 21.00% | 23.59% |
| Aug 22, 2024 | Joe Vruwink | Robert W. Baird | $663.00 | $564.68 | 17.41% | 24.15% |
| Aug 15, 2024 | Blair Abernethy | Rosenblatt Securities | $635.00 | $547.36 | 16.01% | 18.91% |
| Jul 02, 2024 | Joe Vruwink | Robert W. Baird | $661.00 | $601.75 | 9.85% | 23.78% |
| Jun 27, 2024 | Jason Celino | KeyBanc | $690.00 | $598.52 | 15.28% | 29.21% |
| May 24, 2024 | Jay Vleeschhouwer | Griffin | $650.00 | $588.61 | 10.43% | 21.72% |
| May 23, 2024 | Gianmarco Conti | Deutsche Bank | $645.00 | $578.27 | 11.54% | 20.78% |
The latest Synopsys stock forecast, released on Oct 22, 2024 by Charles Shi from Needham, set a price target of $640.00, which represents a 26.58% increase from the stock price at the time of the forecast ($505.59), and a 19.85% increase from SNPS last price ($534.02).
Synopsys Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 5 | 16 |
| Avg Price Target | $645.00 | $579.40 | $632.19 |
| Last Closing Price | $534.02 | $534.02 | $534.02 |
| Upside/Downside | 20.78% | 8.50% | 18.38% |
In the current month, the average price target of Synopsys stock is $645.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 20.78% increase as opposed to Synopsys's last price of $534.02. This month's average price target is up 11.32% compared to last quarter, and up 2.03% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 11, 2024 | Loop Capital Markets | - | Buy | Initialise |
| Oct 22, 2024 | Needham | Buy | Buy | Hold |
| Oct 15, 2024 | William Blair | Buy | Buy | Hold |
| Oct 15, 2024 | Citigroup | - | Neutral | Initialise |
| Oct 15, 2024 | Cantor Fitzgerald | - | Neutral | Initialise |
| Aug 23, 2024 | Deutsche Bank | Buy | Buy | Hold |
| Aug 15, 2024 | William Blair | Buy | Buy | Hold |
| Aug 15, 2024 | Sandler O'Neill | Underperform | Underperform | Hold |
| Jul 10, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Jun 27, 2024 | Sandler O'Neill | Buy | Buy | Hold |
Synopsys's last stock rating was published by Loop Capital Markets on Nov 11, 2024. The company Initialise its SNPS rating from "null" to "Buy".
Synopsys Financial Forecast
Synopsys Revenue Forecast
| Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.60B | $1.49B | - | $1.36B | $1.28B | $1.25B | - | $1.27B | $1.15B | $1.06B | - | $970.32M | $1.03B | $964.13M | - | $834.38M | $851.08M | $852.97M |
| Avg Forecast | $2.08B | $1.95B | $1.86B | $1.86B | $1.84B | $1.74B | $1.65B | $1.64B | $1.63B | $1.52B | $1.44B | $1.65B | $1.58B | $1.48B | $1.38B | $1.36B | $1.28B | $1.21B | $1.26B | $1.27B | $1.15B | $1.05B | $988.97M | $954.93M | $1.02B | $894.12M | $836.49M | $821.69M | $847.36M | $831.03M |
| High Forecast | $2.13B | $2.00B | $1.90B | $1.91B | $1.88B | $1.78B | $1.69B | $1.66B | $1.65B | $1.52B | $1.47B | $1.68B | $1.59B | $1.52B | $1.41B | $1.39B | $1.30B | $1.24B | $1.28B | $1.29B | $1.17B | $1.06B | $1.01B | $971.72M | $1.04B | $909.84M | $851.19M | $836.13M | $862.26M | $845.64M |
| Low Forecast | $2.04B | $1.91B | $1.82B | $1.83B | $1.81B | $1.70B | $1.62B | $1.62B | $1.62B | $1.52B | $1.41B | $1.61B | $1.57B | $1.46B | $1.35B | $1.33B | $1.26B | $1.19B | $1.24B | $1.24B | $1.13B | $1.03B | $971.84M | $938.39M | $1.00B | $878.63M | $822.00M | $807.46M | $832.69M | $816.63M |
| # Analysts | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 8 | 10 | 5 | 5 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 7 | 7 | 7 | 7 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.00% | - | 1.00% | 1.00% | 1.03% | - | 1.00% | 1.00% | 1.01% | - | 1.02% | 1.00% | 1.08% | - | 1.02% | 1.00% | 1.03% |
Synopsys's average Quarter revenue forecast for Jan 24 based on 4 analysts is $1.65B, with a low forecast of $1.61B, and a high forecast of $1.68B. SNPS's average Quarter revenue forecast represents a 2.88% increase compared to the company's last Quarter revenue of $1.60B (Oct 23).
Synopsys EBITDA Forecast
| Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 8 | 10 | 5 | 5 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 7 | 7 | 7 | 7 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $494.84M | $425.36M | - | $394.94M | $276.07M | $291.67M | - | $432.21M | $279.20M | $283.43M | - | $198.98M | $246.19M | $260.72M | - | $157.25M | $206.14M | $215.56M |
| Avg Forecast | $534.16M | $501.30M | $478.12M | $479.35M | $473.07M | $446.14M | $424.64M | $420.71M | $419.40M | $390.83M | $474.26M | $423.00M | $407.41M | $381.61M | $431.15M | $271.89M | $330.92M | $313.53M | $391.95M | $327.04M | $297.78M | $270.17M | $221.01M | $246.58M | $263.48M | $230.88M | $138.40M | $212.18M | $218.81M | $214.59M |
| High Forecast | $547.07M | $513.41M | $489.67M | $490.93M | $484.50M | $456.92M | $434.90M | $425.81M | $424.55M | $390.98M | $569.11M | $433.22M | $409.99M | $390.83M | $517.38M | $326.27M | $336.66M | $319.04M | $470.34M | $332.79M | $303.02M | $274.92M | $265.21M | $250.92M | $268.11M | $234.94M | $166.08M | $215.91M | $222.65M | $218.36M |
| Low Forecast | $524.20M | $491.95M | $469.20M | $470.41M | $464.24M | $437.82M | $416.72M | $415.61M | $416.83M | $390.68M | $379.41M | $415.11M | $404.84M | $374.49M | $344.92M | $217.51M | $325.42M | $308.10M | $313.56M | $321.38M | $292.62M | $265.49M | $176.80M | $242.31M | $258.92M | $226.88M | $110.72M | $208.50M | $215.02M | $210.87M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.21% | 1.11% | - | 1.45% | 0.83% | 0.93% | - | 1.32% | 0.94% | 1.05% | - | 0.81% | 0.93% | 1.13% | - | 0.74% | 0.94% | 1.00% |
4 analysts predict SNPS's average Quarter EBITDA for Jan 24 to be $423.00M, with a high of $433.22M and a low of $415.11M. This is -14.52% lower than Synopsys's previous annual EBITDA (Oct 23) of $494.84M.
Synopsys Net Income Forecast
| Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 8 | 10 | 5 | 5 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 7 | 7 | 7 | 7 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $349.19M | $336.25M | - | $271.54M | $153.50M | $222.63M | - | $313.34M | $201.45M | $198.65M | - | $162.34M | $197.46M | $252.91M | - | $104.06M | $160.71M | $99.93M |
| Avg Forecast | $706.60M | $665.53M | $633.08M | $647.82M | $633.61M | $591.10M | $549.58M | $546.72M | $515.53M | $512.25M | $381.68M | $535.36M | $474.29M | $427.73M | $346.98M | $216.61M | $288.08M | $310.42M | $315.44M | $371.59M | $278.95M | $277.61M | $156.82M | $228.33M | $244.04M | $209.68M | $93.88M | $143.21M | $175.91M | $171.16M |
| High Forecast | $728.79M | $686.44M | $652.96M | $668.18M | $653.52M | $609.67M | $566.84M | $577.88M | $526.50M | $512.48M | $458.02M | $552.17M | $478.97M | $441.16M | $416.38M | $259.93M | $294.58M | $317.51M | $378.53M | $380.09M | $285.33M | $283.95M | $188.19M | $233.55M | $249.61M | $214.48M | $112.66M | $146.49M | $179.93M | $175.07M |
| Low Forecast | $689.47M | $649.39M | $617.73M | $632.12M | $618.25M | $576.77M | $536.26M | $517.13M | $501.43M | $512.02M | $305.35M | $522.38M | $472.73M | $417.36M | $277.59M | $173.29M | $281.86M | $303.43M | $252.35M | $363.23M | $272.67M | $271.36M | $125.46M | $223.19M | $238.54M | $204.96M | $75.10M | $139.99M | $171.95M | $167.31M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.74% | 0.79% | - | 1.25% | 0.53% | 0.72% | - | 0.84% | 0.72% | 0.72% | - | 0.71% | 0.81% | 1.21% | - | 0.73% | 0.91% | 0.58% |
Synopsys's average Quarter net income forecast for Jan 24 is $535.36M, with a range of $522.38M to $552.17M. SNPS's average Quarter net income forecast represents a 53.31% increase compared to the company's last Quarter net income of $349.19M (Oct 23).
Synopsys SG&A Forecast
| Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 8 | 10 | 5 | 5 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 7 | 7 | 7 | 7 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $341.13M | $336.85M | - | $308.15M | $315.86M | $290.71M | - | $261.52M | $286.64M | $255.27M | - | $248.12M | $256.30M | $229.97M | - | $221.60M | $224.59M | $224.49M |
| Avg Forecast | $497.37M | $466.77M | $445.18M | $446.33M | $440.48M | $415.40M | $395.39M | $391.73M | $390.51M | $363.91M | $318.20M | $393.86M | $379.35M | $355.32M | $289.28M | $308.22M | $306.80M | $290.68M | $262.98M | $303.21M | $276.08M | $250.48M | $239.68M | $228.61M | $244.28M | $214.05M | $199.92M | $196.71M | $202.86M | $198.95M |
| High Forecast | $509.39M | $478.04M | $455.94M | $457.12M | $451.12M | $425.44M | $404.94M | $396.47M | $395.30M | $364.05M | $381.85M | $403.38M | $381.75M | $363.91M | $347.13M | $369.86M | $312.12M | $295.79M | $315.57M | $308.54M | $280.93M | $254.89M | $287.61M | $232.63M | $248.57M | $217.82M | $239.91M | $200.17M | $206.43M | $202.45M |
| Low Forecast | $488.09M | $458.06M | $436.88M | $438.01M | $432.27M | $407.66M | $388.02M | $386.98M | $388.11M | $363.77M | $254.56M | $386.51M | $376.95M | $348.69M | $231.42M | $246.58M | $301.70M | $285.65M | $210.38M | $297.96M | $271.30M | $246.14M | $191.74M | $224.65M | $240.05M | $210.34M | $159.94M | $193.30M | $199.35M | $195.50M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | 0.95% | - | 1.00% | 1.03% | 1.00% | - | 0.86% | 1.04% | 1.02% | - | 1.09% | 1.05% | 1.07% | - | 1.13% | 1.11% | 1.13% |
Synopsys's average Quarter SG&A projection for Jan 24 is $393.86M, based on 4 Wall Street analysts, with a range of $386.51M to $403.38M. The forecast indicates a 15.46% rise compared to SNPS last annual SG&A of $341.13M (Oct 23).
Synopsys EPS Forecast
| Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 6 | 4 | 5 | 3 | 5 | 8 | 10 | 5 | 5 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 7 | 7 | 7 | 7 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $2.30 | $2.21 | - | $1.78 | $1.00 | $1.46 | - | $2.05 | $1.32 | $1.30 | - | $1.06 | $1.30 | $1.67 | - | $0.69 | $1.07 | $0.67 |
| Avg Forecast | $4.53 | $4.26 | $4.05 | $4.15 | $4.06 | $3.79 | $3.52 | $3.50 | $3.30 | $3.28 | $2.95 | $3.43 | $3.04 | $2.74 | $2.48 | $2.50 | $1.85 | $1.99 | $2.37 | $2.38 | $1.79 | $1.78 | $1.53 | $1.46 | $1.56 | $1.34 | $0.99 | $0.92 | $1.13 | $1.10 |
| High Forecast | $4.67 | $4.40 | $4.18 | $4.28 | $4.19 | $3.90 | $3.63 | $3.70 | $3.37 | $3.28 | $2.99 | $3.54 | $3.07 | $2.83 | $2.56 | $2.58 | $1.89 | $2.03 | $2.43 | $2.43 | $1.83 | $1.82 | $1.56 | $1.50 | $1.60 | $1.37 | $1.01 | $0.94 | $1.15 | $1.12 |
| Low Forecast | $4.42 | $4.16 | $3.96 | $4.05 | $3.96 | $3.69 | $3.43 | $3.31 | $3.21 | $3.28 | $2.92 | $3.35 | $3.03 | $2.67 | $2.42 | $2.44 | $1.81 | $1.94 | $2.32 | $2.33 | $1.75 | $1.74 | $1.49 | $1.43 | $1.53 | $1.31 | $0.96 | $0.90 | $1.10 | $1.07 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.76% | 0.81% | - | 0.71% | 0.54% | 0.73% | - | 0.86% | 0.74% | 0.73% | - | 0.72% | 0.83% | 1.24% | - | 0.75% | 0.95% | 0.61% |
According to 4 Wall Street analysts, Synopsys's projected average Quarter EPS for Jan 24 is $3.43, with a low estimate of $3.35 and a high estimate of $3.54. This represents a 49.08% increase compared to SNPS previous annual EPS of $2.30 (Oct 23).
Synopsys Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PATH | UiPath | $12.76 | $25.43 | 99.29% | Hold |
| OKTA | Okta | $74.51 | $116.97 | 56.99% | Hold |
| MDB | MongoDB | $289.15 | $373.27 | 29.09% | Buy |
| ADBE | Adobe | $499.61 | $592.03 | 18.50% | Buy |
| ZS | Zscaler | $204.36 | $233.41 | 14.22% | Buy |
| SNPS | Synopsys | $534.02 | $568.06 | 6.37% | Buy |
| NET | Cloudflare | $96.37 | $95.45 | -0.95% | Hold |
| NTNX | Nutanix | $68.44 | $63.23 | -7.61% | Buy |
| CRWD | CrowdStrike | $353.29 | $321.14 | -9.10% | Buy |
| PANW | Palo Alto Networks | $388.06 | $323.26 | -16.70% | Buy |