Synopsys stock gets a higher KeyBanc target after Investor Day

Published on 10/04/2026 at 21:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Synopsys stock now faces fiscal 2027 revenue guidance of USD 11.1 billion to USD 11.2 billion after the September 30 Investor Day. Q3 revenue reached USD 2.48 billion, up 42.4 percent year over year.

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Synopsys stock (ISIN US8716071076) closed at USD 489.90 on Nasdaq on October 2, 2026, down 0.13 percent from the prior close. The company set fiscal 2027 revenue guidance at USD 11.1 billion to USD 11.2 billion after its September 30 Investor Day, placing growth expectations at the center of the valuation debate.

KeyBanc lifts its target

KeyBanc raised its Synopsys price target to USD 605 from USD 600 on October 1, 2026, while maintaining an Overweight rating, according to Investing.com. The analyst action followed management guidance that the source described as better than expected, along with new partnerships involving AWS and OpenAI.

The Investor Day outlook came from Synopsys on September 30, 2026. Fiscal 2027 non-GAAP EPS guidance was USD 19.04 to USD 19.12, while the company set a non-GAAP operating-margin midpoint of 44.0 percent and an operating cash-flow target of USD 3.6 billion.

Revenue growth sets the test

Synopsys reported fiscal Q3 2026 revenue of USD 2.48 billion, up 42.4 percent year over year, and non-GAAP EPS of USD 3.91 versus a USD 3.67 consensus estimate, according to MarketBeat. That combination gives investors a clear comparison point: the fiscal 2027 revenue range sits above the USD 10.8 billion consensus cited in the same coverage, while execution after the Ansys integration remains central to the growth case.

The broader analyst picture is constructive but not uniform. MarketBeat lists a Moderate Buy consensus from 22 analysts, including 17 Buy, 4 Hold and 1 Sell ratings. Its average 12-month target is USD 584.11, with a high of USD 700.00 and a low of USD 420.00; the average target is 19.23 percent above the October 2 closing price.

Stock remains below its yearly high

Synopsys stock traded within a 52-week range of USD 362.55 to USD 651.73, and its October 2 volume was 3,327,855 shares. The USD 93.8 billion market capitalization places the company among the larger software infrastructure names, while the 24.8 percent gap to the 52-week high shows that the new outlook has not restored the prior peak.

Synopsys stock closed at USD 489.90 on Nasdaq on October 2, 2026, with the next valuation test tied to delivery against the fiscal 2027 revenue and margin framework.