What Are Wall Street Analysts' Target Price for Synopsys Stock?

Sunnyvale, California-based Synopsys, Inc. (SNPS) provides electronic design automation (EDA) software products used to design and test integrated circuits. With a market cap of $76.2 billion, the company provides design technologies to creators of advanced integrated circuits, electronic systems, and systems on a chip.

Shares of this global leader in EDA have notably underperformed the broader market over the past year. SNPS has declined 33.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 20.5%. In 2026, SNPS’ stock fell 15.3%, compared to the SPX’s 12.1% rise on a YTD basis. 

Narrowing the focus, SNPS’ underperformance is also apparent compared to the iShares Expanded Tech-Software Sector ETF (IGV). The exchange-traded fund has declined about 2.4% over the past year. Moreover, the ETF’s 2.2% losses on a YTD basis outshine the stock’s double-digit dip over the same time frame.

SNPS underperformed as investors weighed near-term growth deceleration and cautious commentary on early AI monetization. Synopsys faced additional headwinds from China restrictions and Ansys-related workforce cuts. The company is streamlining low-margin software to focus on AI-driven design, custom silicon licensing, and physics simulation.

For the current fiscal year, ending in October, analysts expect SNPS’ EPS to grow 23% to $10.64 on a diluted basis. The company’s earnings surprise history is mixed. It beat the consensus estimate in three of the last four quarters while missing the forecast on another occasion.

Among the 21 analysts covering SNPS stock, the consensus is a “Strong Buy.” That’s based on 16 “Strong Buy” ratings, one “Moderate Buy,” three “Holds,” and one “Strong Sell.”

This configuration is more bullish than two months ago, with a “Moderate Buy” rating overall, consisting 14 analysts suggesting a “Strong Buy.”

On Aug. 19, Lee Simpson from Morgan Stanley (MS) maintained a “Hold” rating on SNPS, with a price target of $500, implying a potential upside of 25.7% from current levels.

The mean price target of $558.86 represents a 40.5% premium to SNPS’ current price levels. The Street-high price target of $650 suggests a notable upside potential of 63.4%.