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Wajeeh Khan

Deutsche Bank Just Upped Its Price Target on Synopsys Stock. Here's Why.

Synopsys Deutsche Bank SNPs Amazon OpenAI

Synopsys (SNPS) shares are attractive as a long-term holding after the company announced multi-year agreements with Amazon (AMZN) and OpenAI, says Gianmarco P. Conti, a Deutsche Bank analyst. Conti maintained a “Buy” rating on SNPS this morning and raised his price target to $640, indicating potential upside of more than 45% from current levels.

His bullish call is particularly significant as Synopsys stock has already been in a major uptrend, currently trading more than 30% above its September low.

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