Benzinga | Aug 26, 2021 05:58PM EDT

What 7 Analyst Ratings Have To Say About Synopsys

Synopsys (NASDAQ:SNPS) has observed the following analyst ratings within the last quarter:

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 4 3 0 0 0Last 30 Days 0 0 0 0 01 Month Ago 2 3 0 0 02 Months Ago 1 0 0 0 03 Months Ago 1 0 0 0 0

These 7 analysts have an average price target of $331.0 versus the current price of Synopsys at 326.51, implying upside.

Below is a summary of how these 7 analysts rated Synopsys over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This current average has increased by 4.61% from the previous average price target of $316.4.

What Are Analyst Ratings?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.