Synopsys price target lowered to $600 from $630 at Berenberg

Berenberg lowered the firm’s price target on Synopsys (SNPS) to $600 from $630 and keeps a Buy rating on the shares. Unlike earlier artificial intelligence tools that simply enhanced user productivity, AI agents are capable of executing business tasks with full autonomy and agency, the analyst tells investors in a research note. The firm says this technological advance “unlocks fundamental new value in AI adoption for enterprises.”