Goldman Sachs has initiated coverage of Synopsys, Inc. (SNPS) stock with a “Buy” rating and a price objective of $620, highlighting the company’s strong growth potential in the semiconductor and electronic design automation software group tied to AI-associated capital spending. Synopsys continues to collaborate with Samsung Foundry to power next-generation designs for advanced edge AI and AI applications, driven by the adoption of Edge AI applications and advancements in semiconductor technologies. Parnassus Investments released an investor letter on SNPS, acknowledging its potential but noting that certain AI stocks may offer greater upside potential.

Read more at Yahoo Finance: Goldman Sachs Begins Coverage of Synopsys (SNPS) Stock, Gives Buy Rating