Needham analyst Charles Shi has maintained their bullish stance on SNPS stock, giving a Buy rating today.
Charles Shi has given his Buy rating due to a combination of factors surrounding Synopsys’s recent performance and future outlook. Despite a stable quarter with results aligning with expectations, the company has maintained its financial guidance for fiscal year 2025. This consistency is seen as a positive indicator, even as the company anticipates a decrease in revenue from China.
Shi also considers the market’s current pricing of Intel-related risks into Synopsys’s stock. This pricing adjustment enhances the stock’s risk/reward profile, making it more attractive to investors. Therefore, despite some regional challenges, the overall outlook for Synopsys remains favorable, justifying the Buy rating.
In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $590.00 price target.