Synopsys (SNPS) Upgraded to Overweight by Piper Sandler with $550 Target
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowOn June 23, Piper Sandler upgraded Synopsys, Inc. (SNPS) to 'Overweight' from Neutral, raising the price target from $450 to $550. Analyst Clarke Jeffries highlighted expectations of a faster recovery in Synopsys' intellectual property business, influenced by Intel's improvements in manufacturing. Synopsys recently settled with Elliott Investment Management, which led to the appointment of Jesse Cohn to its board. This shift aims to enhance margins and financial execution while positioning Synopsys to benefit from rising AI investments.
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About Synopsys Inc. (SNPS)
Synopsys makes electronic-design-automation software used to design chips.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier SNPS news
- Synopsys (SNPS) Raises Annual Forecast After AI Demand Increase
- Elliott Management Acquires Multibillion-Dollar Stake in Synopsys
- Elliott Management Acquires Significant Stake in Synopsys Inc.
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