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Synopsys Stock Rebounds After Earnings Plunge, Analysts Divided
Synopsys Stock Rebounds After Earnings Plunge, Analysts Divided
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BTCCSquare news:
Synopsys (SNPS) shares surged 11.5% in afternoon trading Thursday, partially recovering from a 36% collapse triggered by disappointing earnings and weak guidance. The semiconductor design software firm now faces a divided Wall Street, with Mizuho Securities labeling the selloff a buying opportunity despite cutting its price target to $600.
Four banks downgraded SNPS following its fiscal Q3 miss, while six others slashed price targets. Mizuho's contrarian stance hinges on confidence in management's ability to navigate what it calls a "transition year" in fiscal 2026, emphasizing growth sustainability and debt reduction. The stock remains down nearly 30% for the week at $430, leaving valuation debates unresolved.
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