Quick Read – Synopsys (SNPS) reported Q1 FY26 revenue of $2.41B, up 65.4% YoY with non-GAAP EPS of $3.77 beating consensus by 5.98%, while operating cash flow swung to $856.83M positive and the company paid down $3.45B in debt. – The Ansys acquisition expanded the addressable…
rket by 63% to $31B and contributed roughly $2.9B to FY26 guidance of $9.56B-$9.66B in revenue. – AI-driven chip design demand and successful Ansys integration execution are fueling a 21.78% monthly rebound after a late-2025 selloff, with 24/7 Wall St. setting a $608.97 price target implying 19.4% upside. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Synopsys wasn’t one of them. Get them here FREE
Synopsys (NASDAQ:SNPS) has staged one of the more dramatic comebacks in semiconductor software, climbing 21.78% in the past month after a brutal stretch through late 2025. With the Ansys integration now showing up in the numbers and AI-driven chip design demand intact, our model points to further upside. Our 24/7 Wall St. price target for Synopsys is $608.97, implying 19.4% upside from the current $510.02.
We rate it a buy with 90% confidence, a high conviction call grounded in forward EPS visibility and a clear deleveraging path. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Synopsys wasn’t one of them. Get them here FREE. 24/7 Wall St.