An analyst upgrade with a higher price target can drive renewed investor interest and stock upside over the coming days, though it is not as time-sensitive as earnings or a company-issued guidance change.
Piper Sandler Upgrades “Overweight” from Neutral on Synopsys, Inc. (SNPS) Fatima Gulzar Sun, June 28, 2026 at 8:45 PM GMT+2 2 min read SNPS INTC 2330. TW Synopsys, Inc.
(NASDAQ:SNPS) is among the Best Semiconductor Stocks . On June 23, Piper Sandler upgraded Synopsys, Inc. (NASDAQ:SNPS) to "Overweight" from Neutral.
The analyst raised the price target to $550 from $450 on the shares. Analyst Clarke Jeffries said the firm expects a faster-than-anticipated recovery in Synopsys' intellectual property business. The analyst noted improving expectations for Intel's 18A-P manufacturing node as a practical alternative to constrained Taiwan Semiconductor Manufacturing capacity.
Jeffries said that the shift could speed up the recovery of intellectual property demand at Intel, which is Synopsys' largest customer. Earlier, on May 27, Reuters reported that Synopsys, Inc. (NASDAQ:SNPS) reached a settlement with Elliott Investment Management, appointing managing partner Jesse Cohn to its board and expanding the board to 11 members.
Piper Sandler Upgrades “Overweight” from Neutral on Synopsys, Inc. (SNPS) The chip design software maker said Cohn will also join the corporate governance and nominating committee. Cohn said the firm is in the right direction to benefit from rising AI investment and growing engineering complexity.
Reuters also reported that Elliott pushed for stronger margins and financial execution after building a multibillion-dollar investment in the corporation. Synopsys, Inc. (NASDAQ:SNPS) is a chip design software maker.
It also provides semiconductor intellectual property products. It works through the Design Automation and Design IP segments. 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: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy . Disclosure: None.
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