KeyBanc analyst Jason Celino raised the firm’s price target on Synopsys (SNPS) to $575 from $555 to reflect continued confidence, while keeping an Overweight rating on the shares. While the firm expects Q2 results to be in line with to slightly above the Street, it believes commentary on China and confidence in the Ansys deal closing to be the more important needle-movers. With what KeyBanc thinks are low expectations, the firm sees a positive risk-reward scenario where FY25 guidance is reiterated to reflect strength in IP and hardware, offsetting any China downtick, and the Ansys (ANSS) deal delayed to the the second half of the year. Net, KeyBanc believes investors continue to overestimate the challenges Synopsys potentially faces in the second half of the year.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNPS:
- AI Daily: Nvidia, Cisco, OpenAI supporting UAE Stargate AI project
- Nvidia unveils NVLink Fusion
- Synopsys price target lowered to $550 from $620 at Stifel
- 3 Best Growth Stocks to Buy Now, 4/16/2025, According to Analysts
- Synopsys price target lowered to $560 from $630 at BofA
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue