Are Wall Street Analysts Predicting Synopsys Stock Will Climb or Sink?

Valued at a market cap of $77.5 billion, Synopsys, Inc. (SNPS) provides electronic design automation software products used to design and test integrated circuits, also known as chips or silicon. Headquartered in Sunnyvale, California, the company operates in two segments: Design Automation and Design IP.

Shares of SNPS have underperformed the broader market over the past 52 weeks. SNPS has dropped 12.3% over this period, while the broader S&P 500 Index ($SPX) has gained 9.8%. However, shares of SNPS are up 3.3% on a YTD basis, outpacing SPX’s marginal dip during the same time frame.