Synopsys rated 'Buy' after strong Q2 and AI-focused growth strategy.

Analyst firm Benchmark initiated a 'Buy' rating for Synopsys at $425.28, citing its strong position in EDA software and strategic expansion into AI design. Synopsys reported a 42% revenue increase to $2.28 billion in Q2 2026 and raised its full-year guidance despite a 16% stock decline over the past year. The company plans to exit manufacturing process control software to focus on higher-margin AI areas, supported by its acquisition of Ansys to boost scale and system simulation capabilities.