KeyBanc analyst Jason Celino raised the firm’s price target on Synopsys (SNPS) to $600 from $575 and keeps an Overweight rating on the shares. The firm notes Synopsys posted modestly better Q4 revenue and EPS, and solid backlog of $11.4B. More importantly, the initial FY26 EPS outlook is meaningfully better than expected, driven by accelerated debt pay-down and cost synergies. KeyBanc is encouraged by the better bottom-line outlook.
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Read More on SNPS:
- Closing Bell Movers: Oracle slumps 11% after Q2 results and guidance
- Synopsys up 8% to $514 after reporting Q4 results, FY26 guidance
- Synopsys reports Q4 non-GAAP EPS $2.90, consensus $2.88
- Synopsys sees Q1 non-GAAP EPS $3.52-$3.58, consensus $3.42
- Synopsys sees FY26 non-GAAP EPS $14.32-$14.40, consensus $14.05