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Fly News Breaks for February 20, 2020
SNPS
Feb 20, 2020 | 08:05 EDT
Credit Suisse analyst John Pitzer raised his price target for Synopsys to $180 from $150 following quarterly results. The analyst maintains his positive view on EDA given its relative protection from cyclical trends and his expectation of EDA CAGR acceleration from 6%-8% to 8%-10% on continued chip complexity growth, growth from nontraditional customers, and continued margin leverage. Despite uncertainty around nCoV and trade, Pitzer maintains an Outperform rating on the shares.
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