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Synopsys is demonstrating robust revenue growth as it benefits from increased demand for chip design technology.
Fool.com contributor Parkev Tatevosian evaluates the financial prospects for Synopsys (SNPS 2.56%) and determines if the stock is a buy for long-term investors.
*Stock prices used were the afternoon prices of Feb. 7, 2024. The video was published on Feb. 9, 2024.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Synopsys. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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