Synopsys Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Group 1 - Synopsys, Inc. is set to release its fourth-quarter earnings results on December 10, with expected earnings of $2.88 per share, a decrease from $3.40 per share in the same period last year [1] - The consensus estimate for Synopsys' quarterly revenue is $2.24 billion, up from $1.64 billion reported in the previous year [1] - On December 1, NVIDIA and Synopsys announced an expansion of their partnership to enhance modern engineering and product development [2] Group 2 - Recent analyst ratings for Synopsys include upgrades from Neutral to Buy by Rosenblatt, with a revised price target of $560 [4] - B of A Securities upgraded Synopsys from Underperform to Neutral, adjusting the price target to $500 [4] - Citigroup initiated coverage with a Buy rating and a price target of $580 [4] - Mizuho maintained an Outperform rating but reduced the price target from $700 to $600 [4] - Stifel maintained a Buy rating while lowering the price target from $650 to $550 [4]