Wells Fargo analyst Joe Quatrochi raised the firm’s price target on Synopsys (SNPS) to $500 from $445 and keeps an Equal Weight rating on the shares. The firm notes the company delivered a mixed initial F2026 guide as it views implied Core EDA growth as somewhat disappointing / below expectations. With line of sight to term loan debt repay, focus remains on driving Ansys (ANSS) synergies and visibility into EDA growth re-acceleration, says Wells.
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