Synopsys Target Moves Lower

Tags: snps
5 Dec 5:09am
Posted by ZacksResearch
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Synopsys, Inc. (SNPS) is benefiting from increasing complexity of semiconductors, faster design cycles demanded by consumer electronics, and more challenging shrink cycles all of which help drive demand for its software. The company is gaining traction through new products, acquisitions, and efficient business execution.

However, Synopsys is currently facing an industry-wide weakness rather than a company-specific issue, due to which the company provided a cautious outlook for 2009.

We therefore maintain a Hold rating on SNPS shares and have cut our six-month target price to $16.00.

Anita Mohata contributed to this report.

Read the full analyst report on SNPS




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