KeyBanc analyst Jason Celino raised the firm’s price target on Synopsys to $467 from $455 and keeps an Overweight rating on the shares. The analyst notes Synopsys posted mostly in-line Q4 results on broad-based strength. More importantly, Synopsys provided meaningfully better full year 2023 guidance and said it expects revenue growth of 14%-15% and to see growth across all segments next year.
Published first on TheFly
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Read More on SNPS:
- Synopsys price target raised to $400 from $350 at Atlantic Equities
- Synopsys sees FY23 adjusted EPS $10.28-$10.35, consensus $10.08
- Synopsys sees Q1 adjusted EPS $2.48-$2.53, consensus $2.29
- Synopsys reports Q4 adjusted EPS $1.91, consensus $1.84
- Synopsys options imply 4.2% move in share price post-earnings
