Synopsys Dips 18% in 3 Months: Should You Buy, Sell or Hold the Stock?
SNPSSynopsys(SNPS) ZACKS·2024-09-12 21:55

Synopsys Inc. (SNPS) has seen a sharp decline of more than 18% in its stock price over the past three months, underperforming both its industry and the broader technology sector. During this period, the Zacks Computer – Software industry declined 4.2%, and the Zacks Computer and Technology sector fell by 6.7%.Several factors have contributed to this decline, including mounting fears over a potential U.S. recession and a slowdown in the company's growth within its key design automation segment. Despite these ...