Top Wall Street Forecasters Revamp Synopsys Price Expectations Ahead Of Q4 Earnings

Financial Results - Synopsys, Inc. is set to release its financial results for Q1 fiscal year 2025 on February 26, 2025, after market close [1] - Analysts anticipate earnings of $2.79 per share, a decrease from$3.56 per share in the same quarter last year [1] - Projected quarterly revenue is $1.45 billion, down from$1.65 billion a year earlier [1] Stock Performance - Synopsys shares declined by 2.6%, closing at $457.95 [2] Analyst Ratings - Rosenblatt analyst Blair Abernethy maintains a Buy rating with a price target of$660 [3] - Morgan Stanley analyst Lee Simpson has an Overweight rating, reducing the price target from $625 to$590 [3] - Baird analyst Joe Vruwink keeps an Outperform rating, cutting the price target from $644 to$630 [3] - Berenberg analyst Nay Soe Naing initiated coverage with a Buy rating and a price target of $660 [3] - JP Morgan analyst Harlan Sur maintains an Overweight rating, increasing the price target from$655 to $685 [3]