Analyst Research Report Snapshot

Title:

SNPS: 1Q13 review; raising FY13E-FY14E & price target

Price:

$81.00

Provider:

Griffin Securities, Inc.

Date:

21 Feb 2013

Pages:

10

Type:

AcrobatPDF

Companies referenced:

SNPS.OQ

Available for Immediate Download
Summary:

We are raising our FY13 and FY14 estimates, and our price target to $40 a share. The 1Q13 results –with revenue upside - showed further evidence that multiple end-market and technical requirements, in particular new semiconductor processes nodes continue to drive IC and systems customers’ design activity and therefore consumption of EDA tools and IP. We are reiterating our Buy rating.

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