New technology company Synopsys (SNPS.US) stock price collapsed after earnings, Wall Street analysts are cutting their price targets and downgrading the stock.

According to the Securities Times app, due to lower-than-expected third quarter performance and guidance, the stock price of Synopsys Inc. (SNPS.US) plummeted after the earnings report. Some Wall Street analysts have also downgraded their rating and target price for the stock.