Mizuho Maintains Outperform on Synopsys, Lowers Price Target to $550
Mizuho analyst Siti Panigrahi maintains Synopsys (NASDAQ:SNPS) with a Outperform and lowers the price target from $600 to $550.
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Synopsys Reports Q3 2026 Results: Full Earnings Call Transcript
Synopsys (NASDAQ:SNPS) released third-quarter financial results and hosted an earnings call on Wednesday. Read the complete transcript below. This content is powered by Benzinga APIs. For comprehensive financial data
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Baird Upgrades Synopsys to Outperform, Raises Price Target to $560
Baird analyst Joe Vruwink upgrades Synopsys (NASDAQ:SNPS) from Neutral to Outperform and raises the price target from $558 to $560.
Read original at benzingaWhy Synopsys Stock Popped Today
Synopsys stock surged over 11% after beating analyst expectations for fiscal Q3 earnings and sales. The company reported $3.91 EPS on $2.5B in sales versus forecasts of $3.67 EPS on $2.4B. Strong growth was driven by increased demand for AI chip design software, with sales up 42.5% year-over-year. The company also generated $2.1B in free cash flow year-to-date, more than 3x its reported GAAP profits, and provided optimistic full-year guidance.
Read original at the-motley-foolShares of enterprise application software are trading higher amid sympathy with Salesforce after the company reported Q2 financial results.
Read original at benzinga