Goldman Sachs Raised the Firm's PT on Synopsys (SNPS), Kept a Buy Rating

Synopsys, Inc. (NASDAQ:SNPS) is one of the Best Performing Quantum Computing Stocks So Far in 2025. On July 28, James Schneider, an analyst from Goldman Sachs, raised the firm’s price target on Synopsys, Inc. (NASDAQ:SNPS) from $620 to $700, while maintaining a Buy rating on the stock.

The analyst noted the company’s recent strategic acquisition of Ansys, which he believes strengthens the company’s product range while also helping tackle the challenges related to semiconductor design. The analyst anticipates this acquisition to open new customer markets in growing areas such as datacenters, electric vehicles, and industrial automation.

Schneider noted that initially, this deal is expected to reduce earnings per share through fiscal 2026; however, it will become normalized by 2027 and lead to long-term financial growth. Therefore, despite trade restrictions and the tariff situation, the analyst raised the price target and maintained a Buy rating on the stock.

Synopsys, Inc. (NASDAQ:SNPS) is a tech company that provides engineering solutions enabling customers to design and innovate AI-powered products from silicon chips to complete systems.

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Disclosure: None. This article is originally published at Insider Monkey.