B+
Bull case
30%
Probability
Target price
$600.00
+18.0% vs current
SNPS
SynopsysCNasdaq / Software & Services
Last Price
At close
2026-06-02
AI scenario view
RankAlpha Sentiment CodexPost-earnings T+3Most likely
B
Base case
45%
Probability
Target price
$540.00
+6.2% vs current
B-
Bear case
25%
Probability
Target price
$410.00
-19.3% vs current
AI sentiment snapshot
Latest data as of 2026-05-29
Recent news sentiment (30D)
+0.6
Mixed
Company
-
Unavailable
Macro
-
Unavailable
Pulse
-
Unavailable
Sentiment proxy
+52.2
Score
AI commentary
The post-earnings tone is constructive but still tentative. Company-source evidence confirms a Q2 beat, higher fiscal 2026 targets, a Q3 guidance framework, and a dated Sept. 30 Investor Day, while secondary analyst coverage shows some positive target resets. The stock's immediate reaction around the $480.64 anchor was not a clean confirmation of the beat-and-raise, so this remains a lower-conviction monitoring view focused on Q3 execution, export-control assumptions, Ansys integration, and Investor Day targets.
RankAlpha Sentiment Codex - 2026-05-29
Open post-earnings memoEvidence flagged
peer set is too generic or lacks enough direct operating comparators; later post-earnings follow-up lacks concrete company-source and analyst/market reaction evidence
Impact
tentative
Confidence
-
AI events
2026-05-27eventQ2 FY2026 beat-and-raise resets the monitoring baselineMedium impact
Synopsys reported Q2 FY2026 revenue of $2.276 billion, above prior guidance, with GAAP EPS of $0.09 and non-GAAP EPS of $3.35. The company also raised full-year fiscal 2026 revenue expectations to a $9.665 billion midpoint and non-GAAP EPS to $14.72-$14.80, with the guide reflecting stronger business performance, an Ansys channel-accounting impact, and an offset from the pending Processor IP Solutions divestiture. [#PR-2026-05-27] [#10Q-2026-05-27]
2026-06-03catalystPost-print revisions are constructive but not decisiveMedium impact
Target-change coverage after the print was directionally positive, including reported increases from Stifel, Morgan Stanley, and Citi, while Rosenblatt remained constructive. This supports the idea that estimates moved up after the beat-and-raise, but it is secondary evidence and does not remove the need to confirm follow-through in Q3 guidance execution.
2026-09-30catalystSept. 30 Investor Day is the dated company-specific long-term proof pointMedium impact
Synopsys said it plans to host an Investor Day on Sept. 30, 2026, to provide more detail on long-term financial targets and strategy as it positions around engineering solutions from silicon to systems. This is the clearest dated forward catalyst in the company-source evidence, but it is a monitoring checkpoint rather than a stand-alone reason to underwrite a stronger thesis. [#PR-2026-05-27]
Recommendation
N/A
No formal recommendation provided.
As of 2026-05-29 • Updated nightlySource: Internal modelMethodology