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 (EPS) guidance of $14.88-$14.96 for the period, compared to the consensus 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.

Synopsys Stock Up 3.1 %

NASDAQ SNPS traded up $17.81 during trading hours on Wednesday, hitting $588.00. 1,809,784 shares of the stock were exchanged, compared to its average volume of 1,046,635. The company has a market cap of $90.32 billion, a price-to-earnings ratio of 59.15, a price-to-earnings-growth ratio of 3.45 and a beta of 1.08. Synopsys has a 12-month low of $457.52 and a 12-month high of $629.38. The stock has a 50-day moving average of $528.30 and a 200 day moving average of $545.39.

Analyst Ratings Changes

SNPS has been the subject of several analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $635.00 price target on shares of Synopsys in a report on Wednesday. Piper Sandler dropped their target price on shares of Synopsys from $687.00 to $670.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Berenberg Bank started coverage on shares of Synopsys in a report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, Mizuho started coverage on shares of Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 target price for the company. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Synopsys has an average rating of “Moderate Buy” and an average price target of $653.80.

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.