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Synopsys price target lowered to $520 from $540 at Wells Fargo

Synopsys price target lowered to $520 from $540 at Wells Fargo

Wells Fargo analyst Joe Quatrochi lowered the firm’s price target on Synopsys (SNPS) to $520 from $540 and keeps an Equal Weight rating on the shares. The firm notes shares are up modestly as Synopsys delivered a clean Q1 print and reiterated 2025 guide despite incremental China demand weakness. With continued regulatory progress, Wells expects shares to remain range bound as focus continues on a first half of 2025 Ansys deal close.

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