KeyBanc Maintains ‘Overweight’ Rating on Synopsys, Inc. (SNPS); Raises PT

Billionaire Kerr Neilson has bought over $1.4 million worth of shares in Synopsys, Inc. (NASDAQ:SNPS), representing 0.08% of his stock portfolio, securing the company a spot in Billionaire Kerr Neilson’s 10 Stock Picks with Huge Upside Potential.

A computer screen showcasing Artificial Intelligence and Machine Learning algorithms at work.

The U.S. lifted the ban on exports to China on July 2, 2025. Following this, the company’s stock surged as the company could now resume product access for Chinese customers. As a result, Synopsys, Inc.’s (NASDAQ:SNPS) shares have risen 7.65% from the day of reversal. This reversal is set to increase the company’s revenue exposure in China, which had previously accounted for only 10% of the total revenue mix.

Following the reversal, KeyBanc increased its price target on Synopsys, Inc. (NASDAQ:SNPS) from $540 to $610, maintaining an ‘Overweight’ rating as of July 10, 2025. On the same day, Goldman Sachs initiated coverage on the company, assigning it a ‘Buy’ rating with a price target of $620. The bank cited the company’s potential acquisition of Ansys, which could be a critical driver of the company’s future growth.

This reversal is critical to the company’s outlook, which is evident from the statement of Stewart Randall, who is a Shanghai-based consultant and electronic design automation (EDA) salesman to top Chinese chipmakers. In 2021, the consultant told the Washington Post that he hasn’t seen a chip design company in his decade-long experience that isn’t using Synopsys.

Synopsys, Inc. (NASDAQ:SNPS) is a chip design software and IP solutions provider to sectors including AI, HPC, and automotive.

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Disclosure: None.