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SNPS
Benzinga
3 hrs

These Analysts Slash Their Forecasts On Synopsys Following Downbeat Q3 Results

1. SNPS reported weaker Q3 results, missing both earnings and revenue estimates. 2. Adjusted EPS guidance was lowered for fiscal 2025, now $12.76-$12.80. 3. Shares plummeted 21.4% in pre-market trading following the earnings release. 4. Several analysts lowered their price targets post-announcement, while some maintained ratings. 5. CEO highlighted AI product design as a critical business focus amid challenges.

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FAQ

Why Very Bearish?

The significant drop in share price and lowered guidance indicate severe market sentiment.

How important is it?

The earnings miss and lowered guidance directly influence SNPS's stock performance and investor sentiment.

Why Short Term?

The sharp decline in stock price typically affects market perception quickly, leading to possible remediation.

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