Synopsys upgraded by BofA Securities with a new price target
$SNPS
Computer Software: Prepackaged Software
Technology
BofA Securities upgraded Synopsys from Neutral to Buy and set a new price target of $410.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/13/2025 | $600.00 | Buy | Redburn Atlantic |
| 11/22/2024 | $570.00 | Equal Weight | Wells Fargo |
| 11/12/2024 | $675.00 | Buy | Loop Capital |
| 10/22/2024 | $650.00 | Outperform | Mizuho |
| 10/15/2024 | $660.00 | Buy | Berenberg |
| 4/4/2024 | $665.00 | Overweight | Piper Sandler |
| 11/30/2023 | $500.00 → $660.00 | Buy | Needham |
| 11/10/2023 | $600.00 | Overweight | Morgan Stanley |
Results Summary Quarterly revenue of $1.455 billion, exceeding midpoint of guidance.Quarterly GAAP earnings per diluted share of $1.89; non-GAAP earnings per diluted share of $3.03, exceeding guidance.Reaffirming full-year 2025 guidance.SUNNYVALE, Calif., Feb. 26, 2025 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today reported results for its first quarter of fiscal year 2025. Revenue for the first quarter of fiscal year 2025 was $1.455 billion, compared to $1.511 billion for the first quarter of fiscal year 2024. "In Q1, Synopsys' relentless focus on execution and innovatio
SUNNYVALE, Calif., Jan. 27, 2025 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced it will report results for the first quarter fiscal year 2025 on Wednesday, February 26, 2025, after the market close. The company will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to review its financial results and business outlook. Financial and other statistical information to be discussed on this conference call will be available on the corporate website at www.investor.synopsys.com immediately before the call. A live webcast will also be available on
Results Summary1 Record quarterly revenue of $1.636 billion, up approximately 11% year over year (YoY), exceeding the mid-point of guidance.Quarterly GAAP earnings per diluted share (EPS) of $1.79; non-GAAP EPS of $3.40, up approximately 13% YoY, exceeding guidance.Achieved record full-year 2024 revenue of $6.127 billion, up approximately 15% YoY, while improving non-GAAP operating margin and delivering approximately 25% non-GAAP EPS growth.Expecting to deliver double digit revenue growth in 2025 while preparing for Ansys acquisition close, which remains on-track for the first half of 2025.SUNNYVALE, Calif., Dec. 4, 2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today reported results f
4 - SYNOPSYS INC (0000883241) (Issuer)
4 - SYNOPSYS INC (0000883241) (Issuer)
4 - SYNOPSYS INC (0000883241) (Issuer)
Announcing Up to 30x Projected Performance Gains on the NVIDIA Grace Blackwell Platform to Speed Circuit Simulations for Next-Generation Semiconductors News Highlights: Today's GTC keynote featured Synopsys as part of the ecosystem with full-stack EDA suite acceleration across design, verification, and manufacturing on NVIDIA GPU and NVIDIA CUDA-X libraries.Leveraging the NVIDIA GB200 Grace Blackwell Superchip, Synopsys PrimeSim is projected to accelerate circuit simulation by up to 30x.1Leveraging the NVIDIA B200 Blackwell architecture, Synopsys Proteus is projected to accelerate computational lithography simulations by up to 20x.1NVIDIA NIM inference microservices integration driving 2x fa
Industry leaders unite for live interoperability demo, highlighting Ethernet's expanding role in AI and high-speed networking The Ethernet Alliance, a global consortium dedicated to the continued success and advancement of Ethernet technologies, today announced details of its annual live interoperability demonstration at the 2025 Optical Fiber Communication Conference and Exhibition (OFC). Located at booth 5173, the exhibit highlights Ethernet's unparalleled power and adaptability. The OFC 2025 expo will take place April 1 – 3, 2025, at the Moscone Center in San Francisco, Calif. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2025
Two-Day Conference will Examine Future of AI and Intelligent Systems; Join Keynotes from Synopsys CEO and OpenAI Head of Hardware Via Livestream SUNNYVALE, Calif., March 12, 2025 /PRNewswire/ -- Synopsys Inc. (Nasdaq: SNPS) will host its annual flagship user group conference, SNUG Silicon Valley, March 19-20, 2025, at the Santa Clara Convention Center. This year, the first day of SNUG will also feature an inaugural, invite-only Synopsys Executive Forum. Synopsys president and CEO Sassine Ghazi will kick off the event with a keynote presentation exploring opportunities to address current and future engineering challenges in the era of pervasive intelligence. Ghazi's keynote will feature a spe
4 - SYNOPSYS INC (0000883241) (Issuer)
Redburn Atlantic initiated coverage of Synopsys with a rating of Buy and set a new price target of $600.00
Wells Fargo initiated coverage of Synopsys with a rating of Equal Weight and set a new price target of $570.00
Loop Capital initiated coverage of Synopsys with a rating of Buy and set a new price target of $675.00
SC 13G/A - SYNOPSYS INC (0000883241) (Subject)
SC 13G/A - SYNOPSYS INC (0000883241) (Subject)
SC 13G/A - SYNOPSYS INC (0000883241) (Subject)
8-K - SYNOPSYS INC (0000883241) (Filer)
8-K - SYNOPSYS INC (0000883241) (Filer)
424B5 - SYNOPSYS INC (0000883241) (Filer)
The standalone application security company continues its mission to help organizations build trust in their software to support innovation and business transformation SANTA MONICA, Calif. and SAN FRANCISCO, Oct. 1, 2024 /PRNewswire/ -- Clearlake Capital Group ("Clearlake") and Francisco Partners announced today that they have completed their acquisition of the Synopsys Software Integrity Group, establishing the newly independent application security company as Black Duck Software, Inc. ("Black Duck"). The transaction with Synopsys, Inc. (NASDAQ:SNPS), which was first announced on May 6, 2024, is valued at up to $2.1 billion, including up to $475 million in cash payable upon Clearlake and Fr
The standalone application security company continues its mission to help organizations build trust in their software to support innovation and business transformation Clearlake Capital Group ("Clearlake") and Francisco Partners announced today that they have completed their acquisition of the Synopsys Software Integrity Group, establishing the newly independent application security company as Black Duck Software, Inc. ("Black Duck"). The transaction with Synopsys, Inc. (NASDAQ:SNPS), which was first announced on May 6, 2024, is valued at up to $2.1 billion, including up to $475 million in cash payable upon Clearlake and Francisco Partners achieving a specified rate of return in connection
Oversubscribed $70M round led by Maverick Capital increases SiMa.ai's total amount raised to $270M; funding will speed release of next generation AI/ML chip to power multimodal generative AI at the edge SiMa.ai, the software-centric, embedded edge machine learning system-on-chip company, today announced it has raised an additional $70M of funding led by Maverick Capital, with participation from Point72 and Jericho, as well as existing investors Amplify Partners, Dell Technologies Capital, Lip-Bu Tan and others. SiMa.ai will utilize the $270M raised to date to continue meeting customer demand for edge AI/ML with its first-generation Machine Learning System-on-Chip (MLSoC) while acceleratin