Synopsys (NASDAQ:SNPS) Updates FY25 Earnings Guidance

Synopsys (NASDAQ:SNPS) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $14.88-$14.96 for the period, compared to the consensus earnings per share estimate of $14.89. The company issued revenue guidance of $6.745-$6.805 billion, compared to the consensus revenue estimate of $6.90 billion. Synopsys also updated its Q1 guidance to $2.77-$2.82 EPS.

Analyst Ratings Changes

Several research firms have commented on SNPS. Piper Sandler dropped their target price on Synopsys from $687.00 to $670.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $635.00 price target on shares of Synopsys in a research report on Wednesday. Robert W. Baird cut their price objective on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. increased their target price on Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, Loop Capital began coverage on shares of Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $650.50.

Synopsys Price Performance

Shares of NASDAQ SNPS opened at $515.29 on Friday. The stock has a market cap of $79.15 billion, a PE ratio of 53.45, a price-to-earnings-growth ratio of 3.48 and a beta of 1.08. Synopsys has a 1 year low of $457.52 and a 1 year high of $629.38. The firm has a fifty day moving average price of $529.85 and a 200-day moving average price of $545.47.

Synopsys Company Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.