Needham analyst Charles Shi raised the firm’s price target on Synopsys (SNPS) to $660 from $650 and keeps a Buy rating on the shares. The firm cites the company’s announcement that China has conditionally approved its acquisition of Ansys (ANSS), with the deal expected to close on or around July 17th, the analyst tells investors in a research note. The total revenue for the combined company will exceed $10B in FY26, making Synopsys the premier chip-to-system design software company, Needham added.
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