Needham analyst Charles Shi has maintained their bullish stance on SNPS stock, giving a Buy rating today.
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Charles Shi has given his Buy rating due to a combination of factors including Synopsys’s financial outlook and market performance. The company’s forecast for fiscal year 2026, while slightly below market expectations in terms of revenue, is notably higher in non-GAAP EPS, indicating strong profitability prospects.
Additionally, Synopsys’s guidance for the first quarter of fiscal year 2026, although slightly under consensus, is considered less significant compared to the overall annual guidance. The anticipation of stable growth in the Ansys segment and a manageable deceleration in the EDA segment, despite industry-wide slowdowns, supports a positive outlook. Furthermore, the raised price target to $580 reflects confidence in the company’s ability to navigate post-M&A integration risks effectively.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $600.00 price target.