Piper Sandler Upgrades “Overweight” from Neutral on Synopsys, Inc. (SNPS)
Key takeaways
- Piper Sandler Upgrades “Overweight” from Neutral on Synopsys, Inc.
- The analyst raised the price target to $550 from $450 on the shares.
- Analyst Clarke Jeffries said the firm expects a faster-than-anticipated recovery in Synopsys' intellectual property business.
Piper Sandler Upgrades “Overweight” from Neutral on Synopsys, Inc. (SNPS) Fatima Gulzar Mon, June 29, 2026 at 1:45 AM GMT+7 2 min read SNPS INTC 2330.TW Synopsys, Inc. (NASDAQ:SNPS) is among the Best Semiconductor Stocks.
On June 23, Piper Sandler upgraded Synopsys, Inc. (NASDAQ:SNPS) to "Overweight" from Neutral. The analyst raised the price target to $550 from $450 on the shares.
Analyst Clarke Jeffries said the firm expects a faster-than-anticipated recovery in Synopsys' intellectual property business. The analyst noted improving expectations for Intel's 18A-P manufacturing node as a practical alternative to constrained Taiwan Semiconductor Manufacturing capacity. Jeffries said that the shift could speed up the recovery of intellectual property demand at Intel, which is Synopsys' largest customer.