On September 21, Synopsys rose 3.14% in regular trading, trading at $397.28/share, with turnover of $95.21 million. The stock was buoyed by positive commentary from CEO Sassine Ghazi and a new licensing agreement.
On the news front, Synopsys President and CEO Sassine Ghazi expressed optimism about China's physical AI opportunities in a recent media interview, emphasizing the company's commitment to continued cooperation with Chinese customers within a compliance framework. Ghazi noted that agentic AI is fundamentally transforming EDA business models and is expected to unlock new growth momentum. Additionally, Yingtang Zhikong announced a $20 million deal to secure a 15-year exclusive global license for Synopsys automotive display chips, accelerating its vehicle-grade semiconductor strategy.
The positive sentiment also builds on broader tailwinds. Synopsys recently reported fiscal Q3 revenue of $2.48 billion, up 42% year-over-year, beating consensus estimates, while raising full-year revenue guidance to $9.69-$9.74 billion. Morgan Stanley upgraded the stock to Overweight with a $500 price target, and Baird upgraded to Outperform with a $560 target, reinforcing institutional confidence in the AI-driven EDA growth trajectory.
(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.)
Comments