Synopsys, Inc. (NASDAQ:SNPS) upgraded to “Buy” by Bank of America with a new price target of $560.00. Analysts see strong growth potential with non-GAAP EPS guidance for fiscal year 2026 at $14.36. The company provides software and services for silicon-to-systems design, including EDA tools and system verification.

Analysts raise fiscal year 2026/2027 non-GAAP EPS estimates for Synopsys to $14.37 and $17, respectively. Stock may consolidate after recent gains, but offers lower-beta, AI-related investment opportunity. While SNPS shows potential, other AI stocks may offer higher upside and lower risk. Check out our free report on the best short-term AI stock.

For more AI stock recommendations, see “12 Must-Watch AI Stocks on Wall Street” and “11 AI Stocks Analysts Are Watching Closely.” No conflicts of interest disclosed.

Read more at Yahoo Finance.: Bank of America Calls Synopsys (SNPS) a Lower-Beta AI Play With Catch-Up Potential