Needham raises target for Synopsys stock to USD 620
Published on 10/13/2026 at 12:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Needham raised its Synopsys price target from USD 580 to USD 620 while maintaining a Buy rating on October 12, 2026.
- Synopsys reported fiscal third-quarter 2026 revenue of USD 2.48 billion, up 42.00 percent year over year.
- The stock was trading at EUR 442.25 at Lang & Schwarz on October 13, 2026, down 1.61 percent versus the Xetra close of EUR 449.50 on October 12, 2026.
- Fiscal 2027 revenue guidance is USD 11.10 billion to USD 11.20 billion, with a midpoint of USD 11.15 billion.
Synopsys Inc. (ISIN US8716071076) was trading at EUR 442.25 at Lang & Schwarz on October 13, 2026 at 12:28 p.m. CEST, down 1.61 percent versus the Xetra close of EUR 449.50 on October 12, 2026. Needham raised its price target from USD 580 to USD 620 while maintaining a Buy rating, according to Investing.com on October 12, 2026.
Three milestones shaped the outlook
On August 26, 2026, Synopsys reported fiscal third-quarter revenue of USD 2.48 billion, up 42.00 percent year over year, while adjusted earnings per share reached USD 3.91. The figures came from the company earnings call transcript carried by Yahoo Finance.
On September 23, 2026, Synopsys and Taiwan Semiconductor Manufacturing Company announced a collaboration on AI systems innovation; the same market page showed Synopsys at USD 413.06 and identified the company with ticker SNPS and ISIN US8716071076, according to Marketscreener.
On September 30, 2026, Synopsys presented fiscal 2027 revenue guidance of USD 11.10 billion to USD 11.20 billion, a USD 11.15 billion midpoint, and a non-GAAP operating margin target of 44.00 percent. Its official release also outlined an intended USD 1.00 billion share repurchase, subject to market conditions.
What does the target raise mean?
The target increase came after the investor day and reflects the debate around AI-driven electronic design automation. Needham cited EDA and intellectual-property reacceleration, while also noting uncertainty over which company will lead the AI EDA market, according to Investing.com.
Upcoming fiscal milestones
Synopsys' published fiscal 2027 framework uses the year ending October 31, 2027, while its fiscal 2026 guidance covers the year ending October 31, 2026. The official investor-day release dated September 30, 2026 sets non-GAAP earnings per share at USD 19.04 to USD 19.12 for fiscal 2027 and free cash flow at USD 3.10 billion.
Stock remains below its yearly high
At Lang & Schwarz, Synopsys was trading at EUR 442.25 on October 13, 2026 at 12:28 p.m. CEST, down 1.61 percent versus the Xetra close of EUR 449.50 on October 12, 2026. The EUR 318.00 to EUR 464.50 52-week range places the quote EUR 22.25 below its high.
The further course of trading is shown by the continuously updated real-time quote of Synopsys stock.
Synopsys stock facts
- Company: Synopsys, Inc.
- ISIN: US8716071076
- Ticker: SNPS
- Primary exchange: NASDAQ
- Price Lang & Schwarz as of October 13, 2026, 12:28 p.m. CEST: EUR 442.25
- Change versus Xetra close: minus 1.61 percent
- Xetra close October 12, 2026: EUR 449.50
- Market capitalization: EUR 84.4 billion as of October 13, 2026
- 52-week range: EUR 318.00-EUR 464.50
- Sector: Information Technology
Market context: Market report S&P 500.
