Category: Markets
Published: 2026-06-28T18:45:00.000Z
Piper Sandler has upgraded Synopsys, Inc. (SNPS) to "Overweight" from Neutral, raising its price target to $550 from $450. Analyst Clarke Jeffries cited an expected faster recovery in Synopsys' intellectual property business, driven by improving expectations for Intel's 18A-P manufacturing node. Additionally, Synopsys recently settled with Elliott Investment Management, appointing Jesse Cohn to its board, with Cohn highlighting the company's potential to benefit from rising AI investment.
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