Needham lifts target for Synopsys stock to USD 620.00

Published on 10/14/2026 at 14:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Synopsys stock sits 5.11 percent below its 52-week high. Synopsys stock costs EUR 440.75 on October 14, 2026, minus 0.62 percent versus the Xetra close.

Analyst view and market position

Needham raised its Synopsys target to USD 620.00 on October 12, 2026.
Synopsys stock stood 5.11 percent below its 52-week high of EUR 464.50.
Synopsys stock costs EUR 440.75 at Lang & Schwarz on October 14, 2026 at 2:14 p.m. CEST, minus 0.62 percent versus the Xetra close of October 13, 2026.
Synopsys had a USD 94.7 billion market capitalization and an 86.47 price-to-earnings ratio.

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Needham raised its target for Synopsys Inc. (ISIN US8716071076) from USD 580.00 to USD 620.00 and kept a Buy rating in a report dated October 12, 2026, according to The Stock Observer. The target lies 25.38 percent above the Nasdaq price of USD 494.51 last at October 13, 2026 at 4:00 p.m. ET. Synopsys stock was trading at EUR 440.75 at Lang & Schwarz on October 14, 2026 at 2:14 p.m. CEST, minus 0.62 percent versus the Xetra close of October 13, 2026 at EUR 443.50.

Price remains below yearly high

The euro quotation stands 5.11 percent below its 52-week high of EUR 464.50 and 38.60 percent above its 52-week low of EUR 318.00. The range places the share closer to its upper boundary than its lower boundary, even as the intraday Lang & Schwarz quote remains below the Xetra close.

Synopsys last traded at USD 494.51 on Nasdaq on October 13, 2026 at 4:00 p.m. ET. Its USD 94.7 billion market capitalization is close to Cadence Design Systems' USD 92.0 billion, while the two companies show different valuation multiples.

Fiscal third-quarter growth

Synopsys reported fiscal third-quarter revenue of USD 2.48 billion, up 42.40 percent from the year-earlier quarter, according to MarketBeat in its October 13, 2026 report. The same report cited non-GAAP earnings per share of USD 3.91, above the USD 3.67 consensus estimate, giving the growth story a quantified earnings comparison.

Valuation at 86.47 times earnings

Synopsys carried an 86.47 price-to-earnings ratio and no trailing dividend yield in the October 14, 2026 market data. Cadence traded at a 66.44 ratio on October 13, 2026, while Advanced Micro Devices stood at 155.26, placing Synopsys between the two large technology peers on this measure.

Comparison with peers

Synopsys Inc. (Nasdaq, USD): minus 0.62 percent, P/E 86.47, market capitalization USD 94.7 billion
Advanced Micro Devices (Nasdaq, USD): plus 1.90 percent, P/E 155.26, market capitalization USD 987.4 billion
Cadence Design Systems (Nasdaq, USD): minus 4.08 percent, P/E 66.44, market capitalization USD 92.0 billion

Trading position and valuation

For investors, the key tension is visible in the gap between the USD 620.00 analyst target and the current Nasdaq quote, alongside a valuation above Cadence but below Advanced Micro Devices. The euro price remains the practical German-market reference for the session, while the Xetra comparison shows a modest decline against October 13.

The further course of trading is shown by the continuously updated real-time quote of Synopsys stock.