KeyBanc raises Synopsys stock price target on strong guidance By Investing.com

KeyBanc raised its price target for Synopsys (NASDAQ:SNPS) to $605 from $600 while keeping an Overweight rating, implying about 23% upside versus a recent price of $491.83. The firm pointed to the company’s investor day, citing stronger-than-expected initial fiscal 2027 guidance and improved long-term growth targets for its electronic design automation and intellectual property businesses. KeyBanc analyst Jason Celino highlighted meaningful operating margin expansion and new partnerships with AWS and OpenAI. Synopsys was described as having robust fundamentals, including 46% revenue growth and an 83% gross profit margin over the last twelve months. KeyBanc also increased estimates to reflect higher confidence in Synopsys’ outlook.