Up 80% Since 2023, Is This Stock Ready to Repeat Nvidia's Record Performance?
Leading semiconductor design software company Synopsys (NASDAQ: SNPS) is having a moment. Over the last three years, the company has shot out of relative obscurity and into the limelight -- and for good reason.
As per new CEO Sassine Ghazi, Synopsys has "delivered a 17% revenue CAGR [compound average growth rate], non-GAAP [generally accepted accounting principles] operating margin improvement of 7 points, and non-GAAP EPS [earnings per share] growth at a 26% CAGR." For a large software company, it's been a stellar run higher, especially considering that includes a bear market.
But is that financial performance good enough to justify an 80% run since the start of 2023? Perhaps.
Source Fool.com
Synopsys Inc. Stock
€521.40
-0.740%
The stock is an absolute favorite of our community with 27 Buy predictions and no Sell predictions.
As a result the target price of 568 € shows a slightly positive potential of 8.94% compared to the current price of 521.4 € for Synopsys Inc..
