Synopsys, Inc. (SNPS) is a leader in electronic design automation software with a market cap of $72.5 billion. The stock has underperformed the market, declining 26.8% over the past year. SNPS also lags behind the iShares Expanded Tech-Software Sector ETF (IGV). The company faces securities class-action lawsuits and reported disappointing Q3 results, causing shares to plummet 35.8%. Analysts expect a 22.2% decline in EPS for the current fiscal year. Despite this, the consensus rating is a “Moderate Buy,” with a mean price target of $556, suggesting a potential upside of 44.9%. Mizuho Financial Group, Inc. analyst Siti Panigrahi reiterated a “Buy” rating with a price target of $600, implying a 56.3% upside.

Read more at Yahoo Finance: Do Wall Street Analysts Like Synopsys Stock?