As tech names continue to fly in 2019, this is one that has been watched and loved by investors. The trend continues to be strong in this name and I do not see that stopping for now. I suspect SNPS has more room to grow. Surrounded by a bevy of buy ratings, analysts love the growth potential in this name also. While it may be coming up to peak valuations, we have seen tech names without a proverbial ceiling. This is one of those names that can easily continue to move on up without much concern of a huge washout. The name continues to reap rewards for traders and investors buying into the name. I would keep SNPS on your watchlist if it is not on it already.
