Synopsys, Inc. (NASDAQ:SNPS) is one of the 10 Best High-Bandwidth Memory (HBM4) Value Chain Stocks to Buy According to Hedge Funds.
Synopsys makes the advanced software necessary for designing and testing high-bandwidth memory-heavy AI chips
Analyst sentiment continues to stay positive on the stock. On May 28, Citi raised the firm’s target price on Synopsys Inc. (NASDAQ:SNPS) from $600 to $610 and reiterated a Buy rating on the stock. This reflects 31% upside from current levels.
The upward price target revision came after the company announced its Q2 2026 earnings report. Synopsys Inc. (NASDAQ:SNPS) released its second-quarter earnings on May 27, reporting revenue of $2.28 billion, which comfortably beat the Wall Street consensus of $2.25 billion. The earnings per share came in at $3.35, exceeding the estimate of $3.15 by 6.35%.