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Synopsys (SNPS) Upgraded to Overweight by Piper Sandler with $550 Target

Published on 6/28/2026

#SNPS#PiperSandler#ElliottManagement#semiconductors
Synopsys (SNPS) Upgraded to Overweight by Piper Sandler with $550 Target

AI Summary

On June 23, Piper Sandler upgraded Synopsys, Inc. (SNPS) to 'Overweight' from Neutral, raising the price target from $450 to $550. Analyst Clarke Jeffries highlighted expectations of a faster recovery in Synopsys' intellectual property business, influenced by Intel's improvements in manufacturing. Synopsys recently settled with Elliott Investment Management, which led to the appointment of Jesse Cohn to its board. This shift aims to enhance margins and financial execution while positioning Synopsys to benefit from rising AI investments.

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