Needham raises target for Synopsys stock to USD 620.00

Published on 10/16/2026 at 16:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 42.40 percent in the third quarter. Synopsys stock costs EUR 406.00 on October 16, 2026, down 2.17 percent versus Xetra close.

Analyst target and market position

Needham raised its Synopsys target from USD 580.00 to USD 620.00 on October 12, 2026.
Third-quarter revenue reached USD 2.48 billion, up 42.40 percent from a year earlier.
Synopsys stock traded at EUR 406.00 at 4:02 p.m. CEST on October 16, 2026, 2.17 percent below the Xetra close of October 15, 2026.
Synopsys had a USD 87.6 billion market capitalization on October 16, 2026.

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Needham raised its Synopsys price target from USD 580.00 to USD 620.00 on October 12, 2026, while maintaining a Buy rating, according to MarketBeat. The USD 620.00 target stands 35.69 percent above the USD 456.93 Nasdaq quote from October 16, 2026 at 10:07 a.m. ET. Synopsys stock was trading at EUR 406.00 at Lang & Schwarz on October 16, 2026 at 4:02 p.m. CEST, 2.17 percent below the Xetra close of October 15, 2026 at EUR 415.00.

Revenue growth remains the second marker

Synopsys reported third-quarter revenue of USD 2.48 billion, an increase of 42.40 percent from the year-earlier period, according to MarketBeat. Adjusted earnings reached USD 3.91 per share against a USD 3.67 consensus estimate in the quarter. The revenue comparison gives the analyst target a stronger operating backdrop, although the euro quote remained below the October 15 Xetra close.

Stock sits inside its yearly range

The 52-week range for the Xetra quote was EUR 318.00 to EUR 464.50 on October 16, 2026. The current euro quote was 12.59 percent below that high and 27.67 percent above the low. Nasdaq trading placed Synopsys at USD 456.93 at 10:07 a.m. ET on October 16, 2026, down 2.39 percent from the prior US session close. Cadence Design Systems traded at USD 322.79, down 0.49 percent on the same date.

Valuation leaves a wide target gap

Synopsys carried a market capitalization of USD 87.6 billion on October 16, 2026, with a price-to-earnings ratio of 79.91. The Needham target is materially above the Nasdaq quote, but the comparison uses different currencies from the euro market price. That distinction matters for German investors because the Lang & Schwarz quote and the US listing can move at different times.

What the next session will measure

The immediate market test is whether the euro quote can recover the EUR 415.00 Xetra close from October 15, 2026. A return toward the upper part of the EUR 318.00 to EUR 464.50 yearly range would require a separate price move, while the analyst target remains a longer-dated reference.

Price and valuation in one view

Synopsys stock was trading at EUR 406.00 at Lang & Schwarz on October 16, 2026 at 4:02 p.m. CEST, 2.17 percent below the Xetra close of October 15, 2026 at EUR 415.00. On Nasdaq, the stock was last at USD 456.93 on October 16, 2026 at 10:07 a.m. ET.

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