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Analysts’ Opinions Are Mixed on These Technology Stocks: Synopsys (SNPS) and Array Technologies (ARRY)

Tipranks - Tipranks - Fri Feb 27, 9:24AM CST

Analysts have been eager to weigh in on the Technology sector with new ratings on Synopsys (SNPS – Research Report) and Array Technologies (ARRY – Research Report).

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Synopsys (SNPS)

Stifel Nicolaus analyst Ruben Roy maintained a Buy rating on Synopsys today and set a price target of $550.00. The company’s shares closed last Thursday at $431.73, close to its 52-week low of $425.73.

According to TipRanks.com, Roy is a top 25 analyst with an average return of 48.1% and a 70.6% success rate. Roy covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and Skyworks Solutions. ;'>

Synopsys has an analyst consensus of Moderate Buy, with a price target consensus of $544.62, implying a 26.7% upside from current levels. In a report released today, TipRanks – OpenAI also upgraded the stock to Buy with a $489.00 price target.

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Array Technologies (ARRY)

RBC Capital analyst Chris Dendrinos maintained a Hold rating on Array Technologies yesterday and set a price target of $9.00. The company’s shares closed last Thursday at $6.91.

According to TipRanks.com, Dendrinos is a 5-star analyst with an average return of 60.6% and a 59.7% success rate. Dendrinos covers the Technology sector, focusing on stocks such as Shoals Technologies Group, SolarEdge Technologies, and Enphase Energy. ;'>

Currently, the analyst consensus on Array Technologies is a Hold with an average price target of $10.67, implying a 35.9% upside from current levels. In a report released today, TipRanks – DeepSeek also reiterated a Hold rating on the stock with a $11.00 price target.

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