Synopsys stock gains as Wells Fargo lifts its target

Published on 09/11/2026 at 23:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Synopsys stock closed at USD 397.17 on September 10, 2026, after Wells Fargo raised its target to USD 475. Revenue in fiscal Q3 2026 rose 42.4% to USD 2.477 billion.

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Synopsys Inc. (ISIN US8716071076) stock closed at USD 397.17 on September 10, 2026, up 1.0 percent from the prior session, while Wells Fargo raised its price target to USD 475 from USD 450 on September 10, 2026. ad hoc news The latest swing comes after the company reported fiscal Q3 2026 revenue of USD 2.477 billion and non-GAAP EPS of USD 3.91 on August 26, 2026.

Revenue and guidance

According to MarketBeat, Synopsys exceeded quarterly expectations with adjusted EPS of USD 3.91 versus USD 3.67 expected, and revenue of USD 2.48 billion rose 42.4 percent year over year in fiscal Q3 2026. The same report said Synopsys set fiscal Q4 2026 EPS guidance at USD 4.10 to USD 4.16 and FY 2026 EPS guidance at USD 15.04 to USD 15.10.

That makes the next quarter more important than the last one. Wells Fargo's move to Overweight and USD 475 came on September 10, 2026, and the new target sits USD 77.83 above the September 10 close of USD 397.17.

Analyst target resets

As WSJ reported on September 11, 2026, Wells Fargo shifted Synopsys from Equal Weight to Overweight and set the price target at USD 475. AInvest also noted that the firm sees the September 30 analyst day as the next test for fiscal 2027 guidance.

For investors, the key point is the spread between the current quote and the new target. Synopsys traded at a market capitalization of USD 76.11 billion on September 10, 2026, and the stock was still about 26 percent below its 52-week high according to the same market snapshot.

Market level

Synopsys stock closed at USD 397.17 on September 10, 2026, with previous close at USD 393.22 and volume near 2 million shares, according to the market snapshot from Morningstar. The same quote showed a 52-week range that kept the shares well below the high while still above the lower end of the band.