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Synopsys (SNPS) Stock Forecast, Price Target & Predictions

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SNPS Stock Forecast

Synopsys stock forecast is as follows: an average price target of $588.67 (represents a 14.82% upside from SNPS’s last price of $512.71) 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 $588.67 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $663.00 to $284.00. This represents a potential 14.82% upside from SNPS's last price of $512.71.

SNPS Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 22, 2024Charles ShiNeedham$640.00$505.5926.58%24.83%
Oct 21, 2024Siti PanigrahiMizuho Securities$650.00$505.5928.56%26.78%
Oct 15, 2024Ryan LevineCitigroup$284.00$535.51-46.97%-44.61%
Oct 15, 2024Nay Soe NaingBerenberg Bank$660.00$545.4621.00%28.73%
Aug 22, 2024Joe VruwinkRobert W. Baird$663.00$564.6817.41%29.31%
Aug 15, 2024Blair AbernethyRosenblatt Securities$635.00$547.3616.01%23.85%
Jul 02, 2024Joe VruwinkRobert W. Baird$661.00$601.759.85%28.92%
Jun 27, 2024Jason CelinoKeyBanc$690.00$598.5215.28%34.58%
May 24, 2024Jay VleeschhouwerGriffin$650.00$588.6110.43%26.78%
May 23, 2024Gianmarco ContiDeutsche Bank$645.00$578.2711.54%25.80%
May 23, 2024Clarke JeffriesPiper Sandler$672.00$576.7516.51%31.07%
May 23, 2024Joe VruwinkRobert W. Baird$645.00$573.1312.54%25.80%
Apr 04, 2024Clarke JeffriesPiper Sandler$665.00$578.8714.88%29.70%
Nov 30, 2023Charles ShiNeedham$660.00$541.0022.00%28.73%
Nov 30, 2023Ruben RoyStifel Nicolaus$620.00$541.0014.60%20.93%
Nov 30, 2023Jason CelinoLoop Capital Markets$675.00$541.0024.77%31.65%
Aug 16, 2023Gary MobleyWells Fargo$505.00$435.5615.94%-1.50%
Aug 16, 2023Ruben RoyStifel Nicolaus$445.00$435.562.17%-13.21%
Dec 02, 2022Rosenblatt Securities$420.00$357.8417.37%-18.08%
Aug 18, 2022Robert W. Baird$444.00$372.6019.16%-13.40%
Aug 18, 2022Rosenblatt Securities$405.00$381.006.30%-21.01%
Aug 18, 2022Needham$420.00$381.0010.24%-18.08%
Aug 12, 2022Rosenblatt Securities$390.00$385.431.19%-23.93%
Aug 11, 2022Wells Fargo$425.00$375.7113.12%-17.11%
May 23, 2022Charles ShiNeedham$380.00$306.7223.89%-25.88%
May 19, 2022Wells Fargo$375.00$272.5737.58%-26.86%
May 15, 2022Blair AbernethyRosenblatt Securities$360.00$275.9930.44%-29.78%
Feb 18, 2022Ianjit BhattiAtlantic Equities$400.00$287.6339.07%-21.98%
Jan 14, 2022Jason CelinoKeyBanc$445.00$326.1636.44%-13.21%
Nov 29, 2021John PitzerCredit Suisse$360.00$355.871.16%-29.78%
Jul 15, 2021Ruben RoyWestpark Capital$340.00$277.6822.44%-33.69%

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 24.83% increase from SNPS last price ($512.71).

Synopsys Price Target by Period

1M3M12M
# Anlaysts--13
Avg Price Target--$627.69
Last Closing Price$512.71$512.71$512.71
Upside/Downside-100.00%-100.00%22.43%

In the current month, the average price target of Synopsys stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Synopsys's last price of $512.71. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 05, 2024KeyBancOverweightOverweightHold
Nov 11, 2024Loop Capital MarketsBuyInitialise
Oct 22, 2024NeedhamBuyBuyHold
Oct 15, 2024William BlairBuyBuyHold
Oct 15, 2024CitigroupNeutralInitialise
Oct 15, 2024Cantor FitzgeraldNeutralInitialise
Aug 23, 2024Deutsche BankBuyBuyHold
Aug 15, 2024William BlairBuyBuyHold
Aug 15, 2024Sandler O'NeillUnderperformUnderperformHold
Jul 10, 2024Piper SandlerOverweightOverweightHold
Jun 27, 2024Sandler O'NeillBuyBuyHold
Jun 27, 2024KeyBancOverweightOverweightHold
May 23, 2024William BlairBuyBuyHold
May 23, 2024Deutsche BankBuyBuyHold
May 23, 2024Piper SandlerOverweightOverweightHold
Apr 04, 2024NeedhamBuyBuyHold
Apr 04, 2024Piper SandlerOverweightInitialise
Mar 21, 2024William BlairBuyBuyHold
Feb 20, 2024William BlairBuyBuyHold
Feb 20, 2024Deutsche BankBuyBuyHold
Nov 30, 2023KeyBancOverweightOverweightHold
Nov 30, 2023NeedhamBuyBuyHold
Nov 30, 2023NeedhamOverweightOverweightHold
Aug 16, 2023Wells FargoOverweightOverweightHold
Dec 16, 2022BMO CapitalUnderperformDowngrade
Dec 16, 2022Goldman SachsBuyUpgrade
Dec 16, 2022Wells FargoOverweightUnderweightDowngrade
Dec 16, 2022JefferiesUnderperformDowngrade
Dec 16, 2022BTIGBuyUpgrade
Dec 16, 2022Bank of America SecuritiesNeutralBuyUpgrade
Nov 22, 2022Wells FargoOverweightOverweightHold
Aug 18, 2022NeedhamBuyBuyHold
Aug 11, 2022Wells FargoOverweightOverweightHold
Jun 29, 2022Bank of America SecuritiesNeutralUpgrade
May 21, 2022UBSBuyBuyHold
May 19, 2022Wells FargoOverweightOverweightHold
May 19, 2022NeedhamBuyBuyHold
May 16, 2022WestPark CapitalBuyBuyHold
Feb 18, 2022Atlantic EquitiesOverweightOverweightHold
Jan 14, 2022KeyBancOverweightOverweightHold
Nov 24, 2021Wells FargoOverweightOverweightHold

Synopsys's last stock rating was published by KeyBanc on Dec 05, 2024. The company gave SNPS a "Overweight" rating, the same as its previous rate.

Synopsys Financial Forecast

Synopsys Revenue Forecast

Oct 27Jul 27May 27Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21Jul 21May 21Jan 21Oct 20Jul 20
Revenue----------------$1.60B$1.49B-$1.36B$1.28B$1.25B-$1.27B$1.15B$1.06B-$970.32M$1.03B$964.13M
Avg Forecast$2.40B$2.33B$2.26B$2.18B$2.09B$1.95B$1.83B$1.77B$1.95B$1.78B$1.60B$1.45B$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
High Forecast$2.43B$2.35B$2.28B$2.20B$2.11B$1.96B$1.84B$1.79B$1.97B$1.79B$1.61B$1.46B$1.65B$1.52B$1.47B$1.66B$1.59B$1.50B$1.39B$1.37B$1.30B$1.24B$1.28B$1.29B$1.17B$1.06B$1.01B$971.72M$1.04B$909.84M
Low Forecast$2.40B$2.32B$2.25B$2.18B$2.09B$1.94B$1.82B$1.77B$1.94B$1.77B$1.60B$1.45B$1.62B$1.52B$1.41B$1.64B$1.57B$1.48B$1.38B$1.36B$1.26B$1.19B$1.24B$1.24B$1.13B$1.03B$971.84M$938.39M$1.00B$878.63M
# Analysts55555555444101055484645353646477
Surprise %----------------1.01%1.00%-1.00%1.00%1.03%-1.00%1.00%1.01%-1.02%1.00%1.08%

Synopsys's average Quarter revenue forecast for Jan 24 based on 4 analysts is $1.65B, with a low forecast of $1.64B, and a high forecast of $1.66B. 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 27Jul 27May 27Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21Jul 21May 21Jan 21Oct 20Jul 20
# Analysts55555555444101055484645353646477
EBITDA----------------$494.84M$425.36M-$394.94M$276.07M$291.67M-$432.21M$279.20M$283.43M-$198.98M$246.19M$260.72M
Avg Forecast$615.73M$596.28M$577.45M$559.21M$536.21M$498.59M$467.83M$454.49M$498.71M$454.62M$409.69M$371.70M$417.59M$389.22M$474.26M$421.26M$405.74M$380.04M$431.15M$347.68M$330.92M$313.53M$391.95M$327.04M$297.78M$270.17M$221.01M$246.58M$263.48M$230.88M
High Forecast$621.31M$601.68M$582.67M$564.27M$541.07M$503.11M$472.07M$458.60M$503.22M$458.74M$413.39M$374.27M$422.71M$389.37M$569.11M$425.07M$408.30M$383.47M$517.38M$350.83M$336.66M$319.04M$470.34M$332.79M$303.02M$274.92M$265.21M$250.92M$268.11M$234.94M
Low Forecast$614.60M$595.19M$576.38M$558.18M$535.23M$497.68M$466.97M$453.66M$497.79M$453.79M$408.93M$371.02M$415.03M$389.07M$379.41M$420.48M$403.17M$379.34M$344.92M$347.04M$325.42M$308.10M$313.56M$321.38M$292.62M$265.49M$176.80M$242.31M$258.92M$226.88M
Surprise %----------------1.22%1.12%-1.14%0.83%0.93%-1.32%0.94%1.05%-0.81%0.93%1.13%

4 analysts predict SNPS's average Quarter EBITDA for Jan 24 to be $421.26M, with a high of $425.07M and a low of $420.48M. This is -14.87% lower than Synopsys's previous annual EBITDA (Oct 23) of $494.84M.

Synopsys Net Income Forecast

Oct 27Jul 27May 27Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21Jul 21May 21Jan 21Oct 20Jul 20
# Analysts55555555444101055484645353646477
Net Income----------------$349.19M$336.25M-$271.54M$153.50M$222.63M-$313.34M$201.45M$198.65M-$162.34M$197.46M$252.91M
Avg Forecast$851.26M$800.02M$730.77M$781.08M$754.17M$689.93M$624.65M$596.30M$727.79M$639.57M$523.07M$435.31M$514.89M$511.79M$381.68M$534.88M$473.87M$427.34M$346.98M$390.69M$288.08M$310.42M$315.44M$371.59M$278.95M$277.61M$156.82M$228.33M$244.04M$209.68M
High Forecast$861.27M$809.43M$739.37M$790.27M$763.04M$698.05M$632.00M$603.31M$736.36M$647.09M$529.23M$443.05M$525.85M$512.02M$458.02M$541.17M$478.54M$432.37M$416.38M$395.28M$294.58M$317.51M$378.53M$380.09M$285.33M$283.95M$188.19M$233.55M$249.61M$214.48M
Low Forecast$849.22M$798.10M$729.02M$779.21M$752.37M$688.28M$623.15M$594.87M$726.05M$638.04M$521.82M$432.21M$500.81M$511.56M$305.35M$533.60M$472.31M$426.32M$277.59M$389.75M$281.86M$303.43M$252.35M$363.23M$272.67M$271.36M$125.46M$223.19M$238.54M$204.96M
Surprise %----------------0.74%0.79%-0.70%0.53%0.72%-0.84%0.72%0.72%-0.71%0.81%1.21%

Synopsys's average Quarter net income forecast for Jan 24 is $534.88M, with a range of $533.60M to $541.17M. SNPS's average Quarter net income forecast represents a 53.18% increase compared to the company's last Quarter net income of $349.19M (Oct 23).

Synopsys SG&A Forecast

Oct 27Jul 27May 27Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21Jul 21May 21Jan 21Oct 20Jul 20
# Analysts55555555444101055484645353646477
SG&A----------------$341.13M$336.85M-$308.15M$315.86M$290.71M-$261.52M$286.64M$255.27M-$248.12M$256.30M$229.97M
Avg Forecast$564.39M$546.56M$529.29M$512.57M$491.50M$457.01M$428.82M$416.59M$457.12M$416.71M$375.52M$340.70M$382.77M$356.76M$318.20M$386.13M$371.90M$348.34M$289.28M$318.69M$306.80M$290.68M$262.98M$303.21M$276.08M$250.48M$239.68M$228.61M$244.28M$214.05M
High Forecast$569.49M$551.50M$534.08M$517.21M$495.95M$461.15M$432.70M$420.36M$461.25M$420.48M$378.92M$343.05M$387.46M$356.90M$381.85M$389.62M$374.26M$351.50M$347.13M$321.57M$312.12M$295.79M$315.57M$308.54M$280.93M$254.89M$287.61M$232.63M$248.57M$217.82M
Low Forecast$563.35M$545.55M$528.32M$511.63M$490.59M$456.17M$428.03M$415.82M$456.28M$415.94M$374.83M$340.08M$380.42M$356.63M$254.56M$385.42M$369.55M$347.70M$231.42M$318.10M$301.70M$285.65M$210.38M$297.96M$271.30M$246.14M$191.74M$224.65M$240.05M$210.34M
Surprise %----------------0.92%0.97%-0.97%1.03%1.00%-0.86%1.04%1.02%-1.09%1.05%1.07%

Synopsys's average Quarter SG&A projection for Jan 24 is $386.13M, based on 4 Wall Street analysts, with a range of $385.42M to $389.62M. The forecast indicates a 13.19% rise compared to SNPS last annual SG&A of $341.13M (Oct 23).

Synopsys EPS Forecast

Oct 27Jul 27May 27Jan 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21Jul 21May 21Jan 21Oct 20Jul 20
# Analysts55555555444101055484645353646477
EPS----------------$2.30$2.21-$1.78$1.00$1.46-$2.05$1.32$1.30-$1.06$1.30$1.67
Avg Forecast$5.46$5.13$4.68$5.01$4.83$4.42$4.00$3.82$4.67$4.10$3.35$2.79$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
High Forecast$5.52$5.19$4.74$5.07$4.89$4.47$4.05$3.87$4.72$4.15$3.39$2.84$3.37$3.28$2.99$3.47$3.07$2.77$2.51$2.53$1.89$2.03$2.43$2.43$1.83$1.82$1.56$1.50$1.60$1.37
Low Forecast$5.44$5.12$4.67$5.00$4.82$4.41$3.99$3.81$4.65$4.09$3.35$2.77$3.21$3.28$2.92$3.42$3.03$2.73$2.47$2.50$1.81$1.94$2.32$2.33$1.75$1.74$1.49$1.43$1.53$1.31
Surprise %----------------0.76%0.81%-0.71%0.54%0.73%-0.86%0.74%0.73%-0.72%0.83%1.24%

According to 4 Wall Street analysts, Synopsys's projected average Quarter EPS for Jan 24 is $3.43, with a low estimate of $3.42 and a high estimate of $3.47. This represents a 49.08% increase compared to SNPS previous annual EPS of $2.30 (Oct 23).

Synopsys Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PANWPalo Alto Networks$185.42$400.29115.88%Buy
ADBEAdobe$441.68$604.2536.81%Buy
MDBMongoDB$278.33$350.0025.75%Buy
NTNXNutanix$67.76$78.7516.22%Buy
SNPSSynopsys$512.71$588.6714.82%Buy
ZSZscaler$201.63$209.914.11%Buy
PATHUiPath$14.40$14.500.69%Hold
OKTAOkta$94.00$93.38-0.66%Buy
CRWDCrowdStrike$397.07$348.38-12.26%Buy
NETCloudflare$136.44$110.40-19.09%Buy

SNPS Forecast FAQ

Is Synopsys a good buy?

Yes, according to 15 Wall Street analysts, Synopsys (SNPS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 13 'Buy' recommendations, accounting for 86.67% of SNPS's total ratings.

What is SNPS's price target?

Synopsys (SNPS) average price target is $588.67 with a range of $284 to $663, implying a 14.82% from its last price of $512.71. The data is based on 15 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Synopsys stock go up soon?

According to Wall Street analysts' prediction for SNPS stock, the company can go up by 14.82% (from the last price of $512.71 to the average price target of $588.67), up by 29.31% based on the highest stock price target, and down by -44.61% based on the lowest stock price target.

Can Synopsys stock reach $800?

SNPS's average twelve months analyst stock price target of $588.67 does not support the claim that Synopsys can reach $800 in the near future.

What are Synopsys's analysts' financial forecasts?

Synopsys's analysts financial forecasts for the fiscal year (Oct 2026) are as follows: average revenue is $7.64B (high $7.71B, low $7.63B), average EBITDA is $1.96B (high $1.97B, low $1.95B), average net income is $2.67B (high $2.7B, low $2.66B), average SG&A $1.79B (high $1.81B, low $1.79B), and average EPS is $17.08 (high $17.29, low $17.04). SNPS's analysts financial forecasts for the fiscal year (Oct 2027) are as follows: average revenue is $9.17B (high $9.26B, low $9.16B), average EBITDA is $2.35B (high $2.37B, low $2.34B), average net income is $3.16B (high $3.2B, low $3.16B), average SG&A $2.15B (high $2.17B, low $2.15B), and average EPS is $20.28 (high $20.52, low $20.23).

Did the SNPS's actual financial results beat the analysts' financial forecasts?

Based on Synopsys's last annual report (Oct 2022), the company's revenue was $5.08B, beating the average analysts forecast of $5.02B by 1.23%. Apple's EBITDA was $1.41B, beating the average prediction of $1.36B by 3.75%. The company's net income was $984.59M, missing the average estimation of $1.29B by -23.41%. Apple's SG&A was $1.13B, missing the average forecast of $1.16B by -2.58%. Lastly, the company's EPS was $6.44, missing the average prediction of $8.59 by -24.99%. In terms of the last quarterly report (Oct 2023), Synopsys's revenue was $1.6B, beating the average analysts' forecast of $1.58B by 0.92%. The company's EBITDA was $494.84M, beating the average prediction of $405.74M by 21.96%. Synopsys's net income was $349.19M, missing the average estimation of $473.87M by -26.31%. The company's SG&A was $341.13M, missing the average forecast of $371.9M by -8.27%. Lastly, the company's EPS was $2.3, missing the average prediction of $3.04 by -24.29%