Synopsys (SNPS) Competitors and Alternatives 2024 (2024)

SNPS vs. PLTR, CRWD, EA, DDOG, ADBE, CRM, INTU, CDNS, WDAY, and ADSK

Should you be buying Synopsys stock or one of its competitors? The main competitors of Synopsys include Palantir Technologies (PLTR), CrowdStrike (CRWD), Electronic Arts (EA), Datadog (DDOG), Adobe (ADBE), Salesforce (CRM), Intuit (INTU), Cadence Design Systems (CDNS), Workday (WDAY), and Autodesk (ADSK).

Synopsys vs.

Synopsys (NASDAQ:SNPS) and Palantir Technologies (NYSE:PLTR) are both large-cap computer and technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their analyst recommendations, community ranking, risk, institutional ownership, profitability, earnings, media sentiment, dividends and valuation.

Synopsys received 745 more outperform votes than Palantir Technologies when rated by MarketBeat users. Likewise, 72.43% of users gave Synopsys an outperform vote while only 43.72% of users gave Palantir Technologies an outperform vote.

CompanyUnderperformOutperform
SynopsysOutperform Votes

825

72.43%

Underperform Votes

314

27.57%

Palantir TechnologiesOutperform Votes

80

43.72%

Underperform Votes

103

56.28%

Synopsys presently has a consensus target price of $630.09, suggesting a potential upside of 28.57%. Palantir Technologies has a consensus target price of $26.79, suggesting a potential downside of 24.74%. Given Synopsys' stronger consensus rating and higher probable upside, analysts plainly believe Synopsys is more favorable than Palantir Technologies.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Synopsys

0 Sell rating(s)

0 Hold rating(s)

10 Buy rating(s)

0 Strong Buy rating(s)

3.00
Palantir Technologies

5 Sell rating(s)

7 Hold rating(s)

4 Buy rating(s)

0 Strong Buy rating(s)

1.94

Synopsys has a net margin of 24.06% compared to Palantir Technologies' net margin of 16.32%. Synopsys' return on equity of 22.09% beat Palantir Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
Synopsys24.06% 22.09% 14.05%
Palantir Technologies 16.32%8.88%7.04%

In the previous week, Palantir Technologies had 56 more articles in the media than Synopsys. MarketBeat recorded 70 mentions for Palantir Technologies and 14 mentions for Synopsys. Synopsys' average media sentiment score of 0.98 beat Palantir Technologies' score of 0.57 indicating that Synopsys is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Synopsys

8 Very Positive mention(s)

0 Positive mention(s)

5 Neutral mention(s)

0 Negative mention(s)

0 Very Negative mention(s)

Positive
Palantir Technologies

35 Very Positive mention(s)

7 Positive mention(s)

16 Neutral mention(s)

6 Negative mention(s)

1 Very Negative mention(s)

Positive

Synopsys has a beta of 1.08, suggesting that its stock price is 8% more volatile than the S&P 500. Comparatively, Palantir Technologies has a beta of 2.72, suggesting that its stock price is 172% more volatile than the S&P 500.

Synopsys has higher revenue and earnings than Palantir Technologies. Synopsys is trading at a lower price-to-earnings ratio than Palantir Technologies, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Synopsys$5.84B12.88$1.23B$9.2053.27
Palantir Technologies$2.48B31.97$209.82M$0.12296.58

85.5% of Synopsys shares are owned by institutional investors. Comparatively, 45.7% of Palantir Technologies shares are owned by institutional investors. 0.7% of Synopsys shares are owned by company insiders. Comparatively, 12.9% of Palantir Technologies shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Summary

Synopsys beats Palantir Technologies on 13 of the 18 factors compared between the two stocks.

Synopsys (SNPS) Competitors and Alternatives 2024 (3)

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding SNPS and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.

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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.

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SNPS vs. The Competition

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MetricSynopsysPrepackaged software IndustryComputer SectorNASDAQ Exchange
Market Cap$75.28B$22.36B$22.32B$8.33B
Dividend YieldN/A2.36%2.75%4.12%
P/E Ratio53.2775.22277.9418.47
Price / Sales12.8843.42578.6291.76
Price / Cash46.9770.4230.9131.53
Price / Book9.769.256.884.56
Net Income$1.23B$438.59M$656.16M$224.33M
7 Day Performance5.63%3.33%2.54%4.53%
1 Month Performance-7.67%0.66%2.41%7.74%
1 Year Performance5.13%3.73%20.64%8.90%

Synopsys Competitors List

Export to Excel

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
PLTRPalantir Technologies2.4297 of 5 stars2.43 / 5 stars$34.75
+0.4%
$26.79
-22.9%
+128.1%$77.38B$2.48B289.613,735Analyst Forecast
Insider Selling
CRWDCrowdStrike4.8668 of 5 stars4.87 / 5 stars$247.74
+0.5%
$327.16
+32.1%
+53.8%$60.29B$3.52B467.447,925
EAElectronic Arts4.479 of 5 stars4.48 / 5 stars$143.80
-0.3%
$161.28
+12.2%
+19.8%$37.99B$7.56B30.7313,700Short Interest ↑
DDOGDatadog4.8336 of 5 stars4.83 / 5 stars$108.12
+0.4%
$139.88
+29.4%
+12.1%$36.17B$2.39B337.885,200Insider Selling
ADBEAdobe4.6718 of 5 stars4.67 / 5 stars$574.48
+0.8%
$605.52
+5.4%
-3.0%$254.72B$19.41B51.6229,945Earnings Report
Analyst Forecast
News Coverage
Gap Down
CRMSalesforce4.9496 of 5 stars4.95 / 5 stars$246.13
+0.2%
$304.41
+23.7%
+16.3%$238.50B$36.47B44.2772,682Analyst Forecast
Insider Selling
Short Interest ↓
INTUIntuit4.8619 of 5 stars4.86 / 5 stars$633.62
+1.1%
$720.37
+13.7%
+20.9%$177.60B$16.29B58.4518,800Insider Selling
Short Interest ↓
CDNSCadence Design Systems4.7875 of 5 stars4.79 / 5 stars$255.85
+1.2%
$334.56
+30.8%
+11.4%$70.06B$4.09B66.6311,200Positive News
WDAYWorkday4.962 of 5 stars4.96 / 5 stars$255.58
+0.8%
$288.15
+12.7%
+2.0%$67.73B$7.26B46.0518,800Analyst Forecast
ADSKAutodesk4.6023 of 5 stars4.60 / 5 stars$257.61
+0.8%
$292.17
+13.4%
+24.4%$55.39B$5.50B55.7614,100Short Interest ↑

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Synopsys (SNPS) Competitors and Alternatives 2024 (2024)
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