Reported 2 days ago
KeyBanc has reiterated its ‘Overweight’ rating for Synopsys, Inc. (NASDAQ:SNPS) while raising its FY26 estimates, maintaining a price target of $590, suggesting almost a 35% upside from current levels. The firm expressed confidence in the company's fiscal third-quarter results and noted that the IP business may have room for recovery. Additionally, rising institutional investments signal increased investor confidence, underscoring the company's strong position in the electronic design automation software sector.
Source: YAHOO