Redburn Atlantic initates Synopsys, Inc (SNPS) stock to a Buy

Synopsys, Inc’s filing revealed that its Chief Revenue Officer MAHONEY RICHARD S. unloaded Company’s shares for reported $4.25 million on Jun 18 ’25. In the deal valued at $471.21 per share,9,010 shares were sold. As a result of this transaction, MAHONEY RICHARD S. now holds 1,485 shares worth roughly $0.76 million.

Then, RICHARD S. MAHONEY bought 9,010 shares, generating $4,245,645 in total proceeds.

Before that, MARC CASPER bought 3,397 shares. Synopsys, Inc shares valued at $1,688,780 were divested by the Director at a price of $497.14 per share.

Redburn Atlantic initiated its Synopsys, Inc [SNPS] rating to a Buy in a research note published on January 13, 2025; the price target was $600. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late November with a ‘”an Equal weight”‘ rating. Loop Capital began covering SNPS with “Buy” recommendation on November 12, 2024. Mizuho started covering the stock on October 22, 2024. It rated SNPS as “an Outperform”.

Price Performance Review of SNPS

On Monday, Synopsys, Inc [NASDAQ:SNPS] saw its stock jump 2.00% to $512.68. Over the last five days, the stock has gained 8.85%. Synopsys, Inc shares have fallen nearly -14.34% since the year began. Nevertheless, the stocks have risen 5.63% over the past one year. While a 52-week high of $624.80 was reached on 01/23/25, a 52-week low of $365.74 was recorded on 04/07/25.

Levels Of Support And Resistance For SNPS Stock

The 24-hour chart illustrates a support level at 505.27, which if violated will result in even more drops to 497.85. On the upside, there is a resistance level at 518.75. A further resistance level may holdings at 524.81.

How much short interest is there in Synopsys, Inc?

A steep rise in short interest was recorded in Synopsys, Inc stocks on 2025-06-13, growing by 13966.0 shares to a total of 4.9 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 4.89 million shares. There was a rise of 0.28%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 15, 2024 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $660 price target.

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