Needham Raises Synopsys (SNPS) Price Target to $620

Needham reaffirms its Buy rating on Synopsys, Inc. with a new price target of $620, a 37.32% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:02 PM EDT

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Needham raised its price target on Synopsys, Inc. ($SNPS) to $620 from $580 on October 12, 2026, and rates the stock "Buy".

Since the rating, $SNPS is down 9.5% to date (from the $502.51 close on Oct 12, 2026).

SNPS Synopsys, Inc.

$454.63 -5.37% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Needham reiterated its Buy rating on Synopsys, Inc. with a price target raised to $620 from $580.
Needham's $620 price target implies 37.32% upside from Synopsys, Inc.'s ($SNPS) current $451.49 share price.
The stock recently traded around $451.49, which is about 27.2% below Needham's new target.
Synopsys reported a trailing twelve-month revenue of approximately $9.42 billion, with a year-over-year growth of 42.4%.

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Needham has reiterated its Buy rating on Synopsys, Inc. (SNPS) on October 12, 2026, raising its price target to $620 from $580. This reflects a change in the firm's outlook on the company, emphasizing its confidence in Synopsys's growth potential.

Other Institutional Activity in Synopsys, Inc.

Several other institutional investors have also been active with their positions in Synopsys. Blackrock Inc. increased its holdings by 337,946 shares, bringing its total to about 16.2 million shares worth approximately $7.37 billion. Vanguard Capital Management LLC added 64,700 shares, ending with about 12.5 million shares valued at around $5.69 billion. State Street Corporation gained 174,429 shares, holding about 9.1 million shares worth about $4.13 billion. Invesco Ltd. raised its stake by 116,473 shares, totaling around 6.0 million shares valued at approximately $2.74 billion. Meanwhile, FMR, LLC reduced its position by 2.4 million shares, now owning about 5.99 million shares valued at approximately $2.72 billion.

Synopsys, Inc. Stock Down 5.9%

As of October 16, 2026, Synopsys shares were recently priced at $451.49, which is about 5.7% above its 50-day moving average of $427.03. However, the stock is about 16.3% below its 52-week high of $539.48. The recent price is also about 22.7% below the average analyst target of $583.99.

12-month forecast

$SNPS price target

Synopsys, Inc. daily closes and this analyst's $620 target. Not advice.

Recent Earnings

Synopsys reported trailing twelve-month revenue of approximately $9.42 billion, marking a year-over-year growth of 42.4%. The company has a net margin of 11.4% and a return on equity of 3.7%. Its next earnings report is expected on December 9, 2026.

Insider Buying and Selling at Synopsys, Inc.

Insider transactions show some activity as well. On September 1, 2026, Aart J De Geus, an officer and director, sold 49,641 shares, valued at about $21.38 million. Chief Executive Officer Sassine E Ghazi sold 14,604 shares on September 15, 2026, for approximately $5.47 million at an average price of $374.88. On October 6, 2026, Sudhindra Kankanwadi, an officer, sold 12,170 shares valued at about $6.04 million, while General Counsel Janet Lee sold 1,143 shares for about $574,685.

Analysts Set New Price Targets

On October 12, 2026, Needham maintained its Buy rating on Synopsys with a new price target of $620. This follows other recent actions from analysts, including HSBC upgrading its rating to Buy with a target of $700 on September 25, 2026, and Wells Fargo maintaining an Overweight rating with a target of $540 on October 1, 2026. The consensus among the 25 analysts covering Synopsys is a strong Buy, with a mean price target of $583.99.

About Synopsys, Inc.

Synopsys, Inc. provides design IP solutions primarily for the semiconductor and electronics industries. The company operates in two main segments: Design Automation and Design IP. Its recent analyst ratings and target adjustments reflect a positive outlook for future growth in this technology sector.

Bottom Line

Investors will be watching for Synopsys's next earnings report scheduled for December 9, 2026. The reaffirmed Buy ratings from analysts, particularly the recent adjustments in price targets, signal confidence in the company's performance moving forward.