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Wells Fargo raised the firm's price target on Synopsys (SNPS) to $630 from $520 and keeps an Equal Weight rating on the shares. The firm notes that Synopsys sentiment remains positive given current discount to Cadence Design (CDNS). While Wells doesn't expect 2026 guide, forward commentary remains key driver of shares as investors are focused on low-double digits revenue growth with potential for better than its breakeven Synopsys plus Ansys (ANSS) EPS. Synopsys -1 (-0.17%) Cadence Design -1.16 (-0.34%) Ansys -18.42 (-4.69%) 09 Sep
Wells Fargo raised the firm's price target on Synopsys (SNPS) to $630 from $520 and keeps an Equal Weight rating on the shares. The firm notes that Synopsys sentiment remains positive given current discount to Cadence Design (CDNS). While Wells doesn't expect 2026 guide, forward commentary remains key driver of shares as investors are focused on low-double digits revenue growth with potential for better than its breakeven Synopsys plus Ansys (ANSS) EPS. Synopsys -1 (-0.17%) Cadence Design -1.16 (-0.34%) Ansys -18.42 (-4.69%) 09 Sep
Shelagh Glaser, CFO of Synopsys (SNPS), talks about the company's recent acquisition of Ansys. She believes it will make Synopsys a leading engineer for silicon design and software security.
TTD jumps 6.6% as it joins the S&P 500. The company expects CTV growth, Kokai demand and global ad trends to fuel momentum.
ANSS moves closer to merging with Synopsys as final global approvals secure $35B deal set to close July 17.
Ansys (ANSS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
The Trade Desk will replace Ansys in the S&P 500 effective Friday. Synopsys is expected to close its Ansys acquisition on Thursday.
CNBC's Pippa Stevens joins 'Fast Money' with news on a new addition to the S&P 500.
CNBC's Eunice Yoon joins 'The Exchange' to discuss China conditionally approving Synopsys' acquisition of Ansys.
Chip design software provider Synopsys (SNPS) said Monday it received approval from Chinese regulators for its $35 billion purchase of Ansys (ANSS), clearing the final regulatory hurdle for the deal.