KeyBanc analyst Jason Celino raised the firm’s price target on Synopsys (SNPS) to $660 from $610 and keeps an Overweight rating on the shares ahead of quarterly results. Notably, this marks the first quarter that the company will report its combined financials and guidance, inclusive of the recently closed Ansys (ANSS) deal. KeyBanc is expecting Ansys to contribute $100M-plus in Q3, and $750M-plus in FY25, and for modest upside on “ex-Ansys” Q3 and FY25 figures.
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