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Baird: Synopsys (SNPS.US) is expected to grow its revenue by about 15% in the next few years, raising its target price to $663.
Investment firm Baird stated that due to high demand for design automation, Synopsys' revenue growth rate in the next few years may reach around 15%. They gave it an "outperform" rating and raised the target price from $661 to $663.
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Under the AI boom, the demand for EDA software has surged! Synopsys (SNPS.US) profits increased by 27% year-on-year, exceeding expectations.
EDA software giant synopsys provided a fourth-quarter overall revenue and profit forecast as of the end of October that exceeded Wall Street's expectations.
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