Synopsys Reaches Analyst Target Price
February 17, 2017 at 09:22 AM EST
In recent trading, shares of Synopsys Inc (SNPS) have crossed above the average analyst 12-month target price of $66.57, changing hands for $70.66/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..