Synopsys stock slips as analysts lift targets

Synopsys stock trades below its 50-day and 200-day averages as analysts keep a Moderate Buy view and the company posts $3.35 adjusted EPS for Q2 2026.

Synopsys Inc. (US8716071076) stock opened at $401.24 on August 20, 2026, after a market value of $76.83 billion and a 52-week range of $366.00 to $615.79 framed the session. The shares were down 0.8% and sat below both the 50-day moving average of $422.02 and the 200-day moving average of $440.99.

Targets still point higher

Analysts continue to keep a constructive view on Synopsys, with a Moderate Buy consensus and an average target of $563.59 versus the recent price of $401.24. A KeyBanc note reported by The Globe and Mail kept a Buy rating and set a $600 target, while another update showed Mizuho Securities maintaining a Buy stance on SNPS.US.

Q2 2026 was strong

Synopsys reported Q2 fiscal 2026 adjusted EPS of $3.35 and revenue of $2.28 billion, with revenue up 41.9% year over year and EPS ahead of the $3.15 consensus by $0.20. The company also set FY 2026 EPS guidance at $14.72 to $14.80 and Q3 2026 guidance at $3.63 to $3.69, giving investors a fresh range to weigh against the stock's current valuation.

Institutional buying has stayed active alongside that report, with one filing showing E Fund Management bought 11,915 shares worth $5.3 million and another showing Westport Asset Management accumulated 51,679 shares worth $23.1 million. Those positions sit against 85.47% institutional ownership, which keeps fund flows part of the trading picture.

Synopsys software stack

Synopsys' core business spans electronic design automation tools and semiconductor IP blocks used in chip design, verification, and manufacturing. That mix matters because the reported revenue base and the FY 2026 guidance both point back to a business tied to chip development cycles rather than a single product line.

Shares and valuation

The stock traded at $401.24 on August 20, 2026, with a P/E ratio of 92.88 and a beta of 1.23. It remains well below the recent consensus target of $563.59, while the 52-week high of $615.79 and low of $366.00 define the wider range investors are still working through.

Fact box

Company: Synopsys Inc.
ISIN: US8716071076
Ticker: SNPS
Exchange: Nasdaq
Sector / Industry: Information Technology / Application Software
Index membership: S&P 500
Market cap: $76.83 billion (as of August 20, 2026)