Goldman Sachs increased its price target for
Synopsys (SNPS) and sustained a
Buy rating. This comes alongside a number of firms, such as
Waverton Investment Management and Needham, increasing their stake in SNPS. Synopsys seems to strengthen its position in EDA and Simulation in HPC AI Chips and progressively advancing its standing in the
semiconductor sector. A notable acquisition in its portfolio,
the $35B Ansys deal, set it up for massive expansion while also briefly causing trade tensions. Following a conditional approval from
China, the acquisition was completed successfully, boosting SNPS's market reach to
$31 Billion and creating a
silicon-to-systems powerhouse. Amid all these, the company witnessed a fair share of market gyrations, with the stock sometimes dipping more than the broader market but also making a comeback with rapid surges. The company is termed a
high-conviction buy in the AI-Driven Semiconductor Ecosystem, despite occasional setbacks and concerns related to AI and merger obstacles. Wall Street analysts seem to back the company strongly, projecting a consistently bullish outlook on its stock while escalating the
price target on several occasions.
Synopsys SNPS News Analytics from Fri, 14 Feb 2025 08:00:00 GMT to Fri, 08 Aug 2025 01:07:57 GMT -
