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Fly News Breaks for December 5, 2019
SNPS
Dec 5, 2019 | 09:42 EDT
DA Davidson analyst Thomas Diffely raised his price target on Synopsys to $175 and kept his Buy rating after its Q4 earnings beat, with "solid" revenue and margin growth seen in the quarter. The analyst notes that the company's "elevated levels of design activity and product momentum" are generating outperformance in spite of the macro headwinds in the semiconductor market. Diffely adds that the softer than expected Q1 guidance is not an issue given the "lumpy nature" of Synopsys's Hardware and IP business.
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