Synopsys price target raised to $630 from $520 at Wells Fargo

Wells Fargo raised the firm’s price target on Synopsys (SNPS) to $630 from $520 and keeps an Equal Weight rating on the shares. The firm notes that Synopsys sentiment remains positive given current discount to Cadence Design (CDNS). While Wells doesn’t expect 2026 guide, forward commentary remains key driver of shares as investors are focused on low-double digits revenue growth with potential for better than its breakeven Synopsys plus Ansys (ANSS) EPS.