Synopsys recently acquired Ansys, positioning the company ahead of a shift in its end markets. The deal is expected to expand Synopsys’ customer base and overall offering, with strong growth targets making the stock a good value. The acquisition deepens relationships with customers and enhances solutions, accelerating growth. Ansys’ engineering simulation software complements Synopsys’ EDA solutions, creating a powerful combination. Management aims for double-digit revenue growth, mid-40% operating margins, and high-teens EPS growth. While not a millionaire-maker stock, Synopsys offers strong returns and exposure to AI and semiconductor growth. Wall Street analysts project substantial revenue growth for the company in the future.
Read more at Nasdaq: Is Synopsys Stock Your Ticket to Becoming a Millionaire?