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Synopsys Inc . (NASDAQ:SNPS) stock has reached a new 52-week high, hitting $620.67 in recent trading sessions, with the company now commanding a substantial market capitalization of $109.7 billion. According to InvestingPro data, the stock appears to be trading above its Fair Value. This milestone reflects a 12.69% increase over the past year, underscoring the company’s robust performance in the market. The rise to this 52-week high indicates strong investor confidence and interest in Synopsys, a leading provider of electronic design automation software. The company’s impressive 81.4% gross profit margin and strong market position have contributed to this notable achievement. Analyst price targets range from $520 to $700, suggesting continued optimism about the company’s prospects. InvestingPro subscribers have access to 18 additional key insights about SNPS, including detailed valuation metrics and growth indicators.
In other recent news, Synopsys has completed its acquisition of Ansys (NASDAQ:ANSS), creating a combined entity with a $10 billion run-rate and a leadership position in engineering solutions from silicon to systems. This merger allows Synopsys to compete in an expanded $31 billion total addressable market. The acquisition received conditional approval from China’s State Administration for Market Regulation, which requires Synopsys to maintain existing customer contracts and honor renewal requests from Chinese customers.
Following the merger, Piper Sandler and Needham both raised their price targets for Synopsys to $660, with Piper Sandler maintaining an Overweight rating and Needham keeping a Buy rating. These adjustments reflect the positive outlook for the company post-acquisition.
Additionally, The Trade Desk (NASDAQ:TTD) will join the S&P 500 index, replacing Ansys, effective July 18, 2025. This inclusion typically leads to increased buying activity as index funds tracking the S&P 500 acquire shares of newly added companies. These developments highlight significant strategic moves by Synopsys and related impacts in the market.
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