Synopsys Plunges 13% in 6 Months: How to Play the Stock?

Synopsys (SNPS) shares have plunged 12.7% in the past six months, underperforming the Zacks Computer - Software industry, Zacks Computer and Technology sector and broader S&P 500’s return of 10%, 8.6% and 12.4%, respectively.While the stock’s decline is significant, holding onto Synopsys remains the most prudent strategy for investors, particularly given its strong foundation and strategic positioning in high-growth markets. Here’s why.Synopsys Price Performance ChartImage Source: Zacks Investment ResearchS ...