Synopsys (NASDAQ:SNPS) Releases 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 Performance

Shares of NASDAQ SNPS traded up $17.81 during midday trading on Wednesday, reaching $588.00. 1,809,784 shares of the stock were exchanged, compared to its average volume of 1,046,635. The company has a 50 day simple moving average of $528.30 and a 200 day simple moving average of $545.39. The stock has a market capitalization of $90.32 billion, a P/E ratio of 59.15, a PEG ratio of 3.45 and a beta of 1.08. Synopsys has a twelve month low of $457.52 and a twelve month high of $629.38.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SNPS. 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. Needham & Company LLC reissued a “buy” rating and issued a $640.00 price target on shares of Synopsys in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price target on shares of Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $635.00 price target on shares of Synopsys in a research report on Wednesday. Finally, Wells Fargo & Company started coverage on shares of Synopsys in a research report on Friday, November 22nd. They set an “equal weight” rating and a $570.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.