Citi analyst Kelsey Chia reiterated a Buy rating on Synopsys yesterday and set a price target of $580.00.
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Trade SNPS with leverageKelsey Chia has given his Buy rating due to a combination of factors tied to Synopsys’s strategic positioning and product roadmap. He highlights management’s clear shift toward value‑based pricing, underpinned by the integration of Synopsys and Ansys solutions, accelerated CPU/GPU workloads, and advanced AI‑driven and agentic design flows, which together should enhance monetization over coming contract cycles.
He also points to structural demand tailwinds, particularly in the IP segment, where ongoing AI chip‑design activity supports revenue upside even before new platforms fully scale. Although near‑term contributions from the combined SNPS‑ANSS offerings and digital twin/agentic AI tools may be modest, he expects the stock to benefit as FY26 revenue expectations are raised and views interim share price weakness as an attractive entry point, reinforced by a target price implying substantial upside versus current levels and still a discount to a key peer’s valuation.
According to TipRanks, Chia is a 4-star analyst with an average return of 23.2% and a 61.11% success rate. Chia covers the Technology sector, focusing on stocks such as Synopsys, Monolithic Power, and Cadence Design.
In another report released on March 3, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $462.00 price target.