Synopsys (NASDAQ:SNPS) Price Target Raised to $600.00

Synopsys (NASDAQ:SNPS) had its price objective raised by analysts at Bank of America from $515.00 to $600.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Bank of America‘s price objective would suggest a potential upside of 14.09% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Morgan Stanley set a $525.00 price objective on Synopsys in a report on Thursday. Robert W. Baird set a $558.00 price objective on Synopsys in a report on Thursday. Rosenblatt Securities upped their target price on Synopsys from $530.00 to $575.00 and gave the stock a “buy” rating in a research report on Tuesday. Berenberg Bank set a $633.00 price objective on shares of Synopsys in a report on Wednesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $580.00 target price on shares of Synopsys in a research report on Thursday. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $558.50.

Synopsys Stock Down 1.6%

SNPS stock opened at $525.92 on Thursday. The company’s 50 day moving average price is $457.56 and its 200 day moving average price is $453.69. The firm has a market capitalization of $100.75 billion, a price-to-earnings ratio of 81.66, a PEG ratio of 4.38 and a beta of 1.25. Synopsys has a fifty-two week low of $376.18 and a fifty-two week high of $651.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.36.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.15 by $0.20. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Synopsys had a net margin of 13.76% and a return on equity of 6.83%. The firm’s revenue was up 41.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.67 EPS. Synopsys has set its FY 2026 guidance at 14.720-14.800 EPS and its Q3 2026 guidance at 3.630-3.690 EPS. On average, equities research analysts anticipate that Synopsys will post 10.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Synopsys

Several institutional investors and hedge funds have recently modified their holdings of SNPS. Sankala Group LLC bought a new position in Synopsys during the fourth quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Synopsys during the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Synopsys in the 4th quarter valued at approximately $28,000. IMG Wealth Management Inc. acquired a new stake in Synopsys in the 1st quarter worth approximately $30,000. Finally, Atlas Capital Advisors Inc. bought a new stake in Synopsys during the fourth quarter worth approximately $32,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

More Synopsys News

Here are the key news stories impacting Synopsys this week:

• Positive Sentiment: Synopsys reported stronger-than-expected Q2 results, with EPS of $3.35 and revenue of $2.28 billion, both ahead of estimates, and lifted full-year guidance on continued demand for AI and semiconductor design software. Reuters: Synopsys raises annual forecast on demand for AI chip design software
• Positive Sentiment: Needham reaffirmed its Buy rating and set a $580 price target, signaling analyst confidence in further upside from current levels. Benzinga: Needham reiterates Buy on Synopsys
• Positive Sentiment: Synopsys also reached a cooperation agreement with Elliott Investment Management, adding Jesse Cohn to its board, which may support governance and strategic execution as it integrates Ansys. Reuters: Synopsys reaches settlement with Elliott
• Neutral Sentiment: Piper Sandler raised its price target to $450 but kept a Neutral rating, reflecting a more cautious view of near-term upside despite the better results. Benzinga: Piper Sandler raises target on Synopsys
• Negative Sentiment: The stock sold off after earnings because investors may be focusing on valuation, merger/integration complexity around Ansys, and whether the strong report is already priced in. Yahoo Finance: Nvidia Partner Synopsys Posts Beat-And-Raise Report. But Stock Drops.

About Synopsys

Synopsys, Inc is a leading provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) used to design, verify and manufacture integrated circuits and complex systems-on-chip (SoCs). Its product portfolio spans tools and technologies for front‑end design and synthesis, simulation and verification, physical implementation and signoff, and design-for-manufacturability, enabling chip designers to move from architecture through tape‑out.

In addition to core EDA offerings, Synopsys supplies a broad set of semiconductor IP building blocks — such as interface, memory and analog/mixed-signal cores — that customers integrate into SoCs to accelerate development.