KeyBanc analyst Jason Celino lowered the firm’s price target on Synopsys (SNPS) to $575 from $590 to reflect dilution from the Nvidia (NVDA) investment, while keeping an Overweight rating on the shares. The firm sees somewhat of a tricky setup heading into earnings for Synopsys. On one hand, KeyBanc is expecting a fairly significant Q4 revenue beat, but on the other, it sees the potential for FY26 EPS to be guided below the Street and closer to its estimate. Nonetheless, the firm approaches the print moderately positive, and would put a higher importance on the prospect of a Q4 beat so long as it’s large enough
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