Citigroup Boosts Synopsys (NASDAQ:SNPS) Price Target to $610.00

Synopsys (NASDAQ:SNPS) had its target price lifted by analysts at Citigroup from $600.00 to $610.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Citigroup’s price target indicates a potential upside of 26.64% from the stock’s previous close.

SNPS has been the topic of several other research reports. Berenberg Bank set a $633.00 price objective on shares of Synopsys in a research report on Wednesday. Wells Fargo & Company lifted their price objective on shares of Synopsys from $505.00 to $535.00 and gave the stock an “equal weight” rating in a research report on Thursday. HSBC lowered shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price objective on the stock. in a research report on Friday, February 20th. Stifel Nicolaus lifted their price objective on shares of Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Piper Sandler upped their price target on Synopsys from $430.00 to $450.00 and gave the company a “neutral” rating in a research report on Thursday. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Synopsys has a consensus rating of “Hold” and a consensus price target of $563.81.

Synopsys Stock Down 8.4%

Synopsys stock traded down $44.24 during midday trading on Thursday, hitting $481.68. 3,658,311 shares of the stock were exchanged, compared to its average volume of 2,015,052. Synopsys has a 52-week low of $376.18 and a 52-week high of $651.73. The stock has a market capitalization of $92.27 billion, a price-to-earnings ratio of 74.12, a price-to-earnings-growth ratio of 4.38 and a beta of 1.25. The business’s 50-day moving average price is $457.56 and its 200-day moving average price is $453.69. The company has a quick ratio of 1.26, a current ratio of 1.36 and a debt-to-equity ratio of 0.33.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.20. Synopsys had a net margin of 13.76% and a return on equity of 6.83%. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the previous year, the company earned $3.67 earnings per share. The firm’s revenue for the quarter was up 41.9% compared to the same quarter last year. 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, research analysts expect that Synopsys will post 10.28 EPS for the current fiscal year.

Institutional Trading of Synopsys

Several hedge funds and other institutional investors have recently modified their holdings of SNPS. Brighton Jones LLC increased its holdings in Synopsys by 5.7% during the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock worth $447,000 after acquiring an additional 50 shares during the period. Integrated Wealth Concepts LLC increased its holdings in Synopsys by 11.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 760 shares of the semiconductor company’s stock worth $326,000 after acquiring an additional 79 shares during the period. NewEdge Advisors LLC increased its holdings in Synopsys by 15.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,010 shares of the semiconductor company’s stock worth $1,291,000 after acquiring an additional 395 shares during the period. WINTON GROUP Ltd increased its holdings in Synopsys by 9.2% during the 2nd quarter. WINTON GROUP Ltd now owns 758 shares of the semiconductor company’s stock worth $389,000 after acquiring an additional 64 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in Synopsys by 2.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 72,095 shares of the semiconductor company’s stock worth $36,962,000 after acquiring an additional 1,505 shares during the period. Institutional investors own 85.47% of the company’s stock.

Trending Headlines about Synopsys

Here are the key news stories impacting Synopsys this week:

• Positive Sentiment: Synopsys posted stronger-than-expected Q2 results, with adjusted EPS of $3.35 and revenue of $2.28 billion, while also raising full-year guidance on continued AI chip-design demand.
• Positive Sentiment: The company announced new production-ready, AI-powered digital and analog flows for Samsung Foundry’s latest 2nm processes, along with expanded certified interface IP, supporting its long-term growth story.
• Positive Sentiment: Bank of America raised its price target on Synopsys to $600 and Needham reaffirmed a buy rating, signaling continued analyst confidence in the stock’s upside.
• Positive Sentiment: Synopsys reached a governance agreement with activist investor Elliott, adding Jesse Cohn to the board, which may improve oversight and operational focus.
• Neutral Sentiment: BNP Paribas Exane raised its price target to $450 but kept an underperform rating, reflecting a cautious view even after the company’s strong results.
• Neutral Sentiment: Piper Sandler also lifted its target to $450 while maintaining a neutral stance, suggesting the recent rally may already reflect much of the near-term good news.
• Negative Sentiment: Despite the earnings beat and higher guidance, the stock has been slipping as investors remain concerned about weakness in the chip IP business and the complexity of integrating Ansys.

Synopsys Company Profile

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.