Synopsys makes computer chip software. Big companies use it to design and make chips. Synopsys’s stock price has gone up because more chips are being made. The chip market will likely grow a lot from 2022 to 2027. This is because people want more chips for things like phones, computers, and cars.
Synopsys is in a good position to grow with the chip market. Many big chip companies use its software. Synopsys is also putting a lot of money into new things like AI and machine learning, which will be important for chip design in the future.
Experts think Synopsys’s stock could go up to $470.00, which is 10.05% more than now ($428.82). Some experts think it could go even higher to $510, but some say maybe only $410.00.
In the long run, Synopsys should keep growing faster than other chip companies. It has good products, likes to innovate, and is known all around the world.
Because of all this, I think investing in Synopsys’s stock for a long time could be a good idea. Its stock should keep going up as the chip industry grows.
Synopsys Company Profile Details
Synopsys is a company from America that helps make electronics. They are in Sunnyvale, California. They make software, stuff called IP, and services to help make chips and software for electronics, computers, and things like that.
In 1986, Aart de Geus, David Gregory, and Bill Krieger started Synopsys. At first, they made a tool that helps design logic. It was made by de Geus and his team at General Electric. Synopsys became a public company in 1992 and now it’s one of the top companies that help design electronics.
Lots of different companies that make electronics use Synopsys’s stuff. Small ones and big ones too, like Apple, Samsung, Intel, and Qualcomm. They also help other industries like cars, airplanes, and defense.
Synopsys Share Features
| Feature | Description |
|---|---|
| Ticker Symbol | SNPS |
| Market Cap | $50.9 billion (as of 2023) |
| Price per Share | $139.48 (as of 2023) |
| Dividend Yield | 0.5% (as of 2023) |
| Institutional Ownership | 90.66% |
| Number of Outstanding Shares | 364.4 million |
| Revenue | $3.9 billion (FY 2022) |
| Net Income | $1.2 billion (FY 2022) |
| EPS | $3.34 (FY 2022) |
| PEG Ratio | 1.57 (as of 2023) |
| P/E Ratio | 41.86 (as of 2023) |
Synopsys Share Price Forecast 2023
Synopsys is a leading provider of software and IP for the design, verification, and manufacturing of electronic systems. The company’s stock price has been on an upward trend in recent years, and is expected to continue to grow in 2023.
According to Wall Street analysts, Synopsys’s share price could reach $470.00 by the end of 2023. This represents a potential upside of 7.8% from the current share price of $435.99.
Synopsys Share Price Forecast 2024
The company is well-positioned to benefit from the continued growth of the semiconductor market, which is expected to grow at a compound annual growth rate (CAGR) of 8% from 2023 to 2024. Synopsys’s products and services are used by semiconductor companies of all sizes, from fabless chipmakers to integrated device manufacturers (IDMs).
The company has a strong track record of innovation and is constantly developing new products and services to meet the needs of its customers.
The median price target for Synopsys stock in 2024 is $471.90, which represents a potential upside of 7.8% from the current stock price.
The highest price target for Synopsys stock is $510.00, and the lowest price target is $410.00.
On average, Wall Street analysts predict that Synopsys’s share price could reach $470.00 by July 2024.
Synopsys Share Price Forecast 2025
Synopsys’s stock price has been on a steady growth trajectory in recent years, and it is expected to continue to grow in 2025. The company is well-positioned to benefit from the growing demand for semiconductor chips, as well as the increasing complexity of chip design.
According to WalletInvestor, Synopsys’s share price could reach $514.699 in 2025. This represents a growth of over 20% from its current price of $428.82.
Synopsys Share Price Forecast 2030
Synopsys is a leading provider of software and IP for the design, verification, and manufacturing of integrated circuits (ICs). The company is well-positioned to benefit from the continued growth of the semiconductor industry, which is expected to grow at a compound annual growth rate (CAGR) of 8% from 2023 to 2030.
In 2030, Synopsys is expected to continue to grow at a healthy pace. The company’s share price is forecast to reach $500 by 2030, representing a CAGR of 10% from 2023. This growth will be driven by the continued growth of the semiconductor industry, as well as Synopsys’s continued innovation and market share gains.
Synopsys Share Price Forecast Table
| Year | Share Price Forecast |
|---|---|
| 2023 | $435.99 |
| 2024 | $470.00 |
| 2025 | $505.00 |
| 2026 | $541.00 |
| 2027 | $578.00 |
| 2028 | $616.00 |
| 2029 | $655.00 |
| 2030 | $695.00 |
Synopsys Similar Stock
Synopsys is a leading provider of software and IP for the design, verification, and manufacturing of integrated circuits (ICs). The company’s competitors include:
- Cadence Design Systems (CDNS)
- Mentor Graphics (MENT)
- Siemens EDA (SDA)
- Ansys (ANSS)
- Keysight Technologies (KEYS)
- ARM Holdings (ARMH)
- Lam Research (LRCX)
- Applied Materials (AMAT)
- KLA Corporation (KLAC)
- Teradyne (TER)
These companies are all leaders in the electronic design automation (EDA) industry, and they offer a variety of products and services that are similar to Synopsys’s.
When choosing a similar stock to Synopsys, investors should consider the company’s financial performance, growth prospects, competitive position, and valuation.
Here is a table comparing Synopsys to these similar stocks:
| Stock | Market Cap | P/E Ratio | Price Target |
|---|---|---|---|
| Synopsys (SNPS) | $68.73 billion | 40.43 | $470.44 |
| Cadence Design Systems (CDNS) | $65.11 billion | 39.46 | $254.80 |
| Ansys (ANSS) | $29.51 billion | 40.97 | $336.22 |
| Autodesk (ADSK) | $39.24 billion | 39.54 | $284.00 |
| Lam Research (LRCX) | $82.69 billion | 24.56 | $654.79 |
Synopsys Short Term & Long Term
In the short term, Synopsys is benefiting from the strong growth of the semiconductor industry. The global semiconductor market is expected to grow by 10% in 2023, and Synopsys is expected to grow at a faster rate than the market. The company is also benefiting from the increased adoption of its Silicon Lifecycle Management (SLM) software, which helps semiconductor companies to improve the performance and reliability of their chips.
In the long term, Synopsys is well-positioned to benefit from the continued growth of the semiconductor industry. The company is investing heavily in new technologies, such as artificial intelligence and machine learning, which will help it to stay ahead of the curve. Synopsys is also expanding its global footprint, which will help it to reach new customers.
Conclusion
Based on the current market conditions and analyst predictions, the price of Synopsys stock is expected to continue to rise in the near future. The median target price for Synopsys stock is $471.90, with a high estimate of $510.00 and a low estimate of $410.00. This represents a potential upside of 8.7% to 30.8% from the current stock price of $435.99.
FAQ
What is Synopsys share price forecast for 2023?
Synopsys share price is forecast to reach $435.99 in 2023.
What is Synopsys share price forecast for 2024?
Synopsys share price is forecast to reach $470 in 2024.
What is Synopsys share price forecast for 2025?
Synopsys share price is forecast to reach $505 in 2025.
What is Synopsys share price forecast for 2030?
Synopsys share price is forecast to reach $695 in 2030.
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