Here’s What the Street Thinks About Synopsys (SNPS)

Synopsys, Inc. (NASDAQ:SNPS) is one of the best big tech stocks to buy according to Wall Street analysts. Synopsys, Inc. (NASDAQ:SNPS) received several rating updates following the release of its fiscal Q1 financial results. BofA lifted the price target on the stock to $600 from $515 on May 28 and maintained a Buy rating on the shares. The firm cited the “promising” FY26 guidance raise, “encouraging” catalyst path, and an investor day on September 30, which it believes could be “a potential positive catalyst” given that it expects a new long-term model. This includes the benefit of Ansys synergies.

Synopsys, Inc. (NASDAQ:SNPS) also received a rating update from Wells Fargo the same day. The firm lifted the price target on the stock to $535 from $505 and reiterated an Equal Weight rating on the shares. It stated that the company delivered positive results and guidance, adding that the adjusted organic 2026 forecast being greater than the first-half beat was better than expected. The firm believes that with Management co-op, Synopsys, Inc. (NASDAQ:SNPS) shares could start to offer a more interesting risk/reward at its late-September Analyst Day.

Synopsys, Inc. (NASDAQ:SNPS) provides electronic design automation (EDA) software used by engineers for the design and testing of integrated circuits. The company also offers semiconductor intellectual property products, and its operations are divided into the Design Automation and Design IP segments.

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