Needham raises target for Synopsys stock to USD 620

Published on 10/14/2026 at 09:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Needham set USD 620 versus USD 580 on October 12, 2026. Synopsys stock costs EUR 441.25 on October 14, 2026, 0.51 percent below EUR 443.50.

Growth plans meet analyst caution

Needham lifted its Synopsys target from USD 580 to USD 620 on October 12, 2026.
Synopsys set fiscal 2027 revenue targets of USD 11.10 billion to USD 11.20 billion on September 30, 2026.
Synopsys stock trades at EUR 441.25 at 9:10 a.m. CEST at Lang & Schwarz on October 14, 2026, 0.51 percent below the Xetra close of October 13, 2026.

Aquarellbild eines Technologie-Firmencampus mit Palmen bei Sonnenuntergang — Aquarellmalerei zeigt Firmencampus im Stil von Synopsys Inc. (ISIN US8716071076) mit Palmen bei Sonnenuntergang, Illustration mit AI erstellt.

Synopsys (ISIN US8716071076) was trading at EUR 441.25 at Lang & Schwarz on October 14, 2026, at 9:10 a.m. CEST, 0.51 percent below the Xetra close of October 13, 2026 at EUR 443.50. The latest analyst action came from Needham, which raised its price target to USD 620 from USD 580 on October 12, 2026, while maintaining a Buy rating, according to Investing.com.

Three milestones shape the valuation

On August 26, 2026, Synopsys reported fiscal third-quarter revenue of USD 2.48 billion, up 42.00 percent year over year, while non-GAAP earnings per share reached USD 3.91. The figures were reported in the company results summary cited by Simply Wall St.

At its September 30, 2026 Investor Day, Synopsys set fiscal 2027 revenue targets of USD 11.10 billion to USD 11.20 billion and non-GAAP operating margin of 44.00 percent. The company also outlined an intention to repurchase USD 1.00 billion of shares, according to Synopsys.

What does the target raise change?

Needham's USD 40 increase in the target places its new level 21.57 percent above the USD 510.00 stock reference cited in the analyst report. The same report also identified uncertainty over which company will emerge as the leading provider of artificial intelligence electronic design automation, making the target increase a positive valuation signal rather than a removal of execution risk.

The next reporting date

Synopsys follows a November-to-October fiscal year, and the next reporting date is listed as December 2, 2026 by Investing.com. The scheduled report will give investors a fresh test of the fiscal 2027 revenue range and the integration of Ansys into the company portfolio.

Stock stays below its yearly high

Synopsys stock was valued at USD 94.7 billion on October 13, 2026, while its 52-week range stood at USD 362.55 to USD 539.48. The Nasdaq-listed company operates in technology and software infrastructure, with electronic design automation and design IP as its core businesses.

At Lang & Schwarz, Synopsys stock was trading at EUR 441.25 on October 14, 2026 at 9:10 a.m. CEST, 0.51 percent below the Xetra close of October 13, 2026 at EUR 443.50. The further course of trading is shown by the continuously updated real-time quote of Synopsys stock.