Investors Eye Bullish Options Activity for Synopsys Amid Market Shifts
Investors are watching Synopsys (SNPS) as unusual options activity indicates a potential bullish shift in market sentiment. Recent data reveals significant trading patterns, with 50% of trades leaning bullish and a price range prediction between $360 and $660. As the options market evolves, analysts anticipate valuable insights into Synopsys’ future performance.
Analysts Bullish on Synopsys Ahead of Earnings, Price Target Set at $635
Rosenblatt Securities has reaffirmed its Buy rating for Synopsys (NASDAQ: SNPS), projecting a price target of $635.00 ahead of its fourth-quarter earnings report. With strong financial health and a market cap of $87.6 billion, Synopsys is expected to report a revenue increase of 3.2% year-over-year. As the EDA sector evolves, investors are keenly awaiting the results to assess Synopsys’ growth potential.