Can Synopsys Stock Drop From Here?

Over the past month, stock in chip design software maker Synopsys (SNPS) has returned 28%, significantly outpacing the 1.4% return for the S&P 500. Part of that gain arrived after September 30, when the company outlined updated long-term growth targets at its Investor Day. On the same day, Synopsys struck a deal with OpenAI to develop an AI model for chip design work. Buyers appear to be betting that growth will speed up. A target is a forecast, however, and not a result. So how fast are Synopsy