Analysts Bullish on Synopsys Ahead of Earnings, Price Target Set at $635
Rosenblatt Securities has reaffirmed its Buy rating for Synopsys (NASDAQ: SNPS), projecting a price target of $635.00 ahead of its fourth-quarter earnings report. With strong financial health and a market cap of $87.6 billion, Synopsys is expected to report a revenue increase of 3.2% year-over-year. As the EDA sector evolves, investors are keenly awaiting the results to assess Synopsys’ growth potential.
Mach42 Forms AI Advisory Board to Revolutionize Semiconductor Design
Mach42, formerly Machine Discovery, has launched an AI Advisory Board to enhance semiconductor design capabilities. Led by industry experts Dr. Antun Domic and Professor Yarin Gal, this initiative aims to leverage AI for faster, more efficient product development in the semiconductor industry. The advisory board will guide Mach42 in innovating AI-driven solutions that transform design and verification processes, positioning the company as a leader in the evolving semiconductor landscape.
Synopsys announces $35 billion acquisition of Ansys
Synopsys, a semiconductor design and software firm, has announced its acquisition of Ansys, an engineering and product design software firm, in a cash-and-stock deal valued at approximately $35 billion. The deal, expected to close in the first half of 2025,…
Synopsys in Talks to Acquire Ansys in Potential $35 Billion Deal
A potential $35 billion deal is in the works as big design-software companies, Synopsys and Ansys, are in exclusive talks. The deal, which could be one of the first major transactions of the new year, is expected to be a…