J.P. Morgan Sticks to Its Buy Rating for Synopsys (SNPS)

J.P. Morgan analyst Harlan Sur reiterated a Buy rating on Synopsys today and set a price target of $650.00.

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Sur covers the Technology sector, focusing on stocks such as Nvidia, Marvell, and Broadcom. According to TipRanks, Sur has an average return of 32.1% and a 68.90% success rate on recommended stocks.

In addition to J.P. Morgan, Synopsys also received a Buy from Citi’s Kelsey Chia in a report issued today. However, on the same day, TipRanks – DeepSeek reiterated a Hold rating on Synopsys (NASDAQ: SNPS).

Based on Synopsys’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $2.25 billion and a net profit of $448.7 million. In comparison, last year the company earned a revenue of $1.64 billion and had a net profit of $1.11 billion

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNPS in relation to earlier this year. Last month, JANET LEE, the GC & Corporate Secretary of SNPS sold 250.00 shares for a total of $132,500.00.