Piper Sandler Upgrades Synopsys to Overweight, Raises Price Target to $550

Analyst
โดย Reuters·Read original
Summary · why it matters

Piper Sandler upgraded Synopsys to Overweight from Neutral and raised its price target to $550 from $450. Analyst Clarke Jeffries cited expectations for a faster-than-anticipated recovery in Synopsys' intellectual property business, noting improving expectations for Intel's 18A-P manufacturing node as a practical alternative to constrained Taiwan Semiconductor Manufacturing capacity. Jeffries said the shift could speed up the recovery of intellectual property demand at Intel, Synopsys' largest customer. Separately, Synopsys reached a settlement with Elliott Investment Management, appointing managing partner Jesse Cohn to its board and expanding the board to 11 members. Cohn will also join the corporate governance and nominating committee and said the firm is on the right path to benefit from rising AI investment and growing engineering complexity.

Impact on stocks 3

Semiconductors± Mixed · 3 stocks
Synopsys Inc
SNPS
▲ PositiveCapitalrelevance

Piper Sandler upgraded Synopsys to Overweight and raised price target to $550, citing faster IP recovery.

Intel Corporation
INTC
▲ PositiveDemandrelevance

Intel's 18A-P node is cited as a practical alternative to TSMC, potentially boosting demand for Synopsys' IP at Intel.

Theme Impact 2

Off-coverage companies 1

Elliott Investment Management L.P.Private± Mixed
relevance

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