Synopsys, Inc. (SNPS) Stock Could Jump to $600, Says Mizuho

Synopsys, Inc. (NASDAQ:SNPS) is among the overlooked AI stocks to buy now. On October 21, 2025, Siti Panigrahi, an analyst at Mizuho Securities, reaffirmed a ‘Buy’ rating on Synopsys, Inc. (NASDAQ:SNPS), setting the price target at $600, which implies an upside potential of approximately 32%.

Separately, on October 17, Keysight Technologies, Inc. announced the completion of its acquisition of the Optical Solutions Group from Synopsys, Inc. (NASDAQ:SNPS), enhancing not only the company’s design engineering software portfolio but also its computer-aided engineering capabilities.

Through Optical Solutions Group, a leading developer of optical design and analysis software, Keysight leverages tools such as CODE V, LightTools, ImSym, RSoft, and LucidShape to facilitate its customers in bringing their designs to the market faster. As stated by Niels Faché, Senior Vice President of Keysight’s Design Engineering Software,

“Keysight is expanding its high-performance, multi-physics design capabilities with the Optical Solutions Group and PowerArtist acquisitions. These additions enhance system-level simulation, enabling earlier, more accurate power, optical, and photonics design decisions.”

Synopsys, Inc. (NASDAQ:SNPS) is a California-based company that provides electronic design automation software products employed to build and test integrated circuits. With two main segments: Design Automation and Design IP, the company offers versatile silicon-to-systems solutions to create AI-driven products.

While we acknowledge the potential of SNPS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.