Do Wall Street Analysts Like Synopsys Stock?

Core Viewpoint - Synopsys, Inc. has significantly underperformed the market, with a notable decline in stock price attributed to various factors including disappointing earnings and legal challenges [2][4]. Financial Performance - In Q3, Synopsys reported an adjusted EPS of $3.39, missing Wall Street expectations of $3.84, and revenue of $1.7 billion, below the forecast of $1.8 billion [5]. - For the current fiscal year, analysts expect EPS to decline by 22.2% to $7.98 on a diluted basis [6]. Market Comparison - Over the past year, Synopsys' stock has declined by 26.8%, while the S&P 500 Index has increased by 12.3% [2]. - The iShares Expanded Tech-Software Sector ETF has gained approximately 3.3% over the same period, further highlighting Synopsys' underperformance [3]. Analyst Ratings - Among 20 analysts covering Synopsys, the consensus rating is a "Moderate Buy," with 13 "Strong Buy" ratings, one "Moderate Buy," four "Holds," one "Moderate Sell," and one "Strong Sell" [6]. - The analyst sentiment has shifted slightly, with 14 analysts previously suggesting a "Strong Buy" [7].