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A statement released earlier today by RBC Capital about Synopsys (NASDAQ:SNPS) bumps the target price to $110.00

Boasting a price of $86.52, Synopsys (NASDAQ:SNPS) traded 0.58% higher on the day. With the last stock price close up 10.59% from the two hundred day average, compared with the S&P 500 Index which has increased 0.01% over the date range. Synopsys has recorded a 50-day average of $81.48 and a two hundred day average of $76.65. Volume of trade was down over the average, with 752,577 shares of SNPS changing hands under the typical 782,869

RBC Capital bumped up the target of Synopsys (NASDAQ:SNPS) to $110.00 stating a potential upside of 0.27%.

On Wednesday November 22, 2017, RBC Capital released a statement for Synopsys (NASDAQ:SNPS) bumped up the target price from $100.00 to $110.00 that suggested an upside of 0.27%.

Performance Chart

Synopsys (NASDAQ:SNPS)

With a total market value of $0, Synopsys has price-earnings ratio of 39.80 with a one year low of $56.03 and a one year high of $85.00 .

A total of 6 equity analysts have released a ratings update on SNPS. Three equity analysts rating the company a strong buy, two equity analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $54.67.

Brief Synopsis About Synopsys (NASDAQ:SNPS)

Synopsys, Inc. provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves. It provides software and hardware used to develop the electronic systems that incorporate chips and the software that runs on them. It provides technical services to support its solutions and help its customers develop chips and electronic systems. It is also a provider of software tools that developers use to develop software code in a range of industries, including electronics, financial services, energy, and industrials. It offers products and services in four categories: core EDA; IP, Systems and Software Integrity; Manufacturing Solutions, and Professional Services and Other.

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