Key Highlights

● Synopsys shares fell 2.88% to close at $454.63 on October 16.

● The consensus 12-month price target is $583.99, implying about 28.4% upside.

● Analysts are split 24 Buy, 1 Hold, and 0 Sell on the stock.

● Targets range from $475 to $700 across 25 analysts.

Synopsys (NASDAQ:SNPS) closed at $454.63 on Friday October 16, 2026, with the shares listed on Nasdaq and a member of the Nasdaq-100. According to market data, the consensus mean 12-month price target is $583.99, which is 28.4% above the latest close (+28.4%). The shares fell 2.88% on the day, following a sharp jump of roughly 10% to 13% earlier in October after the company's Investor Day and its fiscal 2027 outlook.

Price targets are analyst forecasts rather than guarantees.

What Is the Latest Analyst Price Target?

The data shows a consensus mean target of $583.99 and a median of $600.00, with the highest target at $700.00 and the lowest at $475.00. The figures are drawn from 25 analysts, with the data dated October 12, 2026. Measured against the latest close, the mean target implies +28.4% and the median implies +32.0%.

If the consensus proves accurate, the shares would trade near the mean target over the next twelve months. However, the spread between the high and low targets shows that analysts hold differing views, and targets are routinely revised as new information emerges.

What Are Analysts Saying?

The consensus rating is Strong Buy, with a split of 24 Buy, 1 Hold, 0 Sell. Needham raised its target from $580 to $620 with a Buy rating on 12 October, Bank of America Securities reiterated Buy with a $600 target on 9 October, StoneX maintained Buy with a $570 target on 1 October, Stifel Nicolaus maintained Buy with a $600 target on 1 October, and Deutsche Bank raised its target from $590 to $640 on 1 October. Rosenblatt also reportedly raised its target to $620.

Analysts' views can change quickly, and individual broker actions should be read in the context of the wider consensus rather than in isolation.

What Could Help the Stock Reach the Price Target?

Synopsys reportedly forecast fiscal 2027 revenue and profit above analyst estimates and announced a strategic partnership with OpenAI, along with deals with AWS. It has also entered a $1 billion accelerated share repurchase agreement with JPMorgan Chase Bank. If these initiatives translate into growth, the consensus target suggests substantial upside.

None of this guarantees that the stock will reach the target, and outcomes will depend on company performance and market conditions.

What Could Prevent the Stock Reaching the Target?

The lowest target of $475 is above the latest close, which means every analyst target sits higher, but the data may lag the price action. Reports that Synopsys is exploring partnerships with Chinese AI labs could raise geopolitical and regulatory risk. Sector sentiment on semiconductors and AI spending could also shift quickly.

What Should Investors Watch Next?

Investors may watch for the date of the next quarterly results, which was not confirmed in the sources reviewed, as well as execution on the OpenAI and AWS partnerships, the buyback and further target changes. Next earnings date: not confirmed in the sources reviewed.

A Case for Patience

The consensus target suggests +28.4% from the latest close of $454.63, but the figure is a forecast and not a certainty.