The stock market has experienced significant fluctuations lately due to tight jobs data amid stubborn inflation and recent bank failures. However, software company Synopsys, Inc. (SNPS) has performed well, primarily due to its robust fundamental positioning. I believe buying more of SNPS' shares this month would be wise for reasons discussed throughout this article.
SNPS has gained 25.8% over the past nine months and 5.1% over the past month to close its last trading session at $372.53. Also, Wall Street analysts see an upside potential of 15.8% in the stock.
