SNPS SYNOPSYS INC

Price Chart

Executive Summary

B of A Securities upgraded SNPS from Neutral to Buy on Dec 11, 2025, raising its price target from $500 to $560, implying 17.7% upside from the current $475.62. The call is part of a 16-firm cluster covering SNPS, with B of A's track record showing 20% accuracy on 5 calls and an average return of 4.4%, below average among covering firms. Consensus is heavily bullish: 22 of 31 analysts rate Buy or Strong Buy, 8 Hold, 1 Sell. The mean target is $559.61, median $575, high $650, low $403.85 — the new $560 target sits just above the mean. No upgrades or downgrades were recorded in the past 30 days, but EPS revisions have been slightly positive: the current-quarter estimate rose from $3.63 to $3.67 over 7 days, and next-quarter estimates ticked up. Institutional activity is strongly supportive: FMR LLC added 29.1% and 47.5% in separate filings, Morgan Stanley doubled its position (+139.5%), and Norges Bank initiated a new $730M stake. Short interest is elevated at 58.8% of float, creating potential squeeze dynamics if the upgrade gains traction. A single congressional buy (Rep. Ro Khanna, $1K-$15K) adds minor bullish color. No insider trades were reported. The upgrade from a below-average-accuracy firm is consensus-aligned, limiting its standalone impact, but the combination of strong institutional buying and high short interest makes this a notable catalyst for near-term price action.

Impact Score

Consensus & Targets

Consensus is heavily bullish: 8 Strong Buy, 14 Buy, 8 Hold, 1 Sell out of 31 analysts. That's 71% Buy/Strong Buy, 26% Hold, 3% Sell. The direction is firmly bullish, with B of A's upgrade aligning with the majority view.

Current price: $475.62. Mean target: $559.61 (implied upside 17.7%). Median target: $575 (upside 20.9%). High target: $650 (upside 36.7%). Low target: $403.85 (downside 15.1%). B of A's new $560 target sits slightly above the mean, in the upper half of the range.

Recent Analyst Activity

No upgrades or downgrades were recorded in the past 30 days. EPS revision trend is slightly positive: current-quarter estimate rose from $3.63 to $3.67 over 7 days, next-quarter estimate from $3.93 to $3.99. Full-year estimates for 0y and +1y also ticked up modestly. Revisions are net positive but not dramatic.

Firm Track Record — B of A Securities

B of A Securities accuracy: 54% on 3282 calls | avg return: 5.1%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 12 firms with ≥5 scored calls.

B of A Securities has 20% accuracy on 5 scored calls with an average return of 4.4%, placing it below average among firms covering SNPS. Top-tier firms include Mizuho (100% on 3 calls, avg return 17%) and Stifel (100% on 2 calls, avg return 28.1%). Weakest performers: Baird (20% on 5 calls, avg return -2.8%) and Rosenblatt (27% on 11 calls, avg return -1.8%).

Earnings Estimates

Cross-Platform Signals

Insider trades: none reported. Congressional activity: one buy by Rep. Ro Khanna (Democrat, $1K-$15K) on Apr 13, 2026 — a minor bullish signal. Institutional activity is strongly bullish: FMR LLC added 29.1% and 47.5% in separate filings, Morgan Stanley doubled its position (+139.5%), Norges Bank initiated a new $730M stake. Short interest is elevated at 58.8% of float, creating potential for a squeeze if the upgrade drives buying. The analyst upgrade aligns with institutional accumulation and high short interest, a convergence of bullish signals.

Documents Analyzed

Report based on filing metadata.

US Market Status