Synopsys falls as Piper Sandler downgrades to 'neutral'

Synopsys

13/01/2026 10:44

** Shares of chip design software provider Synopsys SNPS.O fall 3.7% to $513.55 premarket

** Piper Sandler downgrades stock to "neutral" from "overweight"

** Cuts PT to $520 from $602, a 2.5% downside to stock's last close

** Notes that semiconductor firms are reallocating resources to AI chip manufacturing, which is "a risk for the $1.75B IP business"

** Average rating of 25 analysts is "buy"; median PT is $557.50 - data compiled by LSEG

** SNPS fell 3.2% in 2025

(Reporting by Anhata Rooprai in Bengaluru)

((Anhata.Rooprai@thomsonreuters.com))