StoneX reiterates Synopsys stock rating on AI product updates By Investing.com

StoneX reiterated a Buy rating on Synopsys (NASDAQ:SNPS) and set a $570 price target, implying roughly 30% upside from current levels. The note cites a market capitalization of $94.2 billion and a P/E ratio of 87.45, while also noting that InvestingPro analysis flags the shares as overvalued versus its Fair Value estimate. StoneX pointed to updates from Synopsys’s analyst day, including products expected to drive revenue synergies with Ansys beginning in fiscal year 2027. It also highlighted AI agent workflows and why AI supports electronic design automation and simulation firms. Synopsys reported a $1.0 billion-plus intellectual property license deal with Amazon Web Services, revenue growth of 46% over the last twelve months, and an 83% gross margin.