On June 23, Synopsys rose 3.1% in regular trading, trading at $476.18/share, with turnover of $252 million.

On the news front, investment bank Piper Sandler significantly upgraded Synopsys from Neutral to Overweight, while raising its target price from $450 to $550. The adjustment reflects the firm's positive reassessment of the semiconductor design software giant's outlook, particularly its AI-driven chip design business growth potential.

According to FactSet data, Synopsys currently carries an average analyst rating of Overweight with an average target price of $569.88, indicating broad market optimism toward its prospects. Synopsys is a leading provider of silicon-to-system engineering solutions, holding a dominant position in the global EDA market and pioneering AI-driven chip design across its full-stack EDA suite.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)