Synopsys Inc
SNPS: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$192.00 | Ddhbyc | Qbjhknsyb |
Synopsys Earnings: Momentum Continues As Broad-Based Demand Leads to Strong Results
Narrow-moat Synopsys reported strong fiscal third-quarter results, with revenue meeting our above-consensus expectations and adjusted EPS surpassing both our and management’s expectations. We are also impressed with the company’s position in artificial intelligence, or AI. We are raising our fair value estimate to $420 per share from $382, but with shares trading up to $438 after hours, we still view the stock as slightly overvalued.