![]() Also, SNPS stock has gained 97% from the low of $108 seen in March 2020, as they saw a boost in the demand for advanced chips due to work from home orders globally. It traded at a pre-Covid high of $165 in February, and it is much above that level now. SNPS trades at $214 currently and it has gained 53% in value so far this year. We believe there may be better places for your money than Synopsys’ stock (NASDAQ: SNPS). ![]() ![]() Synopsys’ Stock has Rallied 90%, Should You Enter? As per consensus estimates the company’s revenues are expected to grow by nearly 10% and market price by 20%. This move toward advanced technology would continue to benefit companies like Synopsys which help their customers innovate from silicon to software. The coronavirus cases are rising again across regions which could continue to drive companies toward digital transformation and technology.
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