Synopsys, Inc. (NASDAQ:SNPS) sees price target raised to $660 by Needham analyst Charles Shi, maintaining a Buy rating. China conditionally approves Synopsys’s acquisition of Ansys, a significant step in the global approval process. The merger combines strengths in semiconductor design with expertise in multiphysics simulation.

The deal between Synopsys and Ansys is expected to close by July 17, creating a chip-to-system design software leader. The combined companies are projected to generate over $10 billion in revenue by 2026, unlocking long-term synergies in AI-driven design, automotive, and industrial markets.

Investors view the Synopsys-Ansys acquisition as transformative in a consolidating software landscape. With Chinese regulatory clearance secured, attention shifts to final closing logistics and early integration plans. Synopsys shares rise, signaling confidence in the strategic upside of the deal.

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Read more at Yahoo Finance: Needham Raises Synopsys (SNPS) Price Target, Maintains Buy Rating