Synopsys, Inc. Dossier
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SectorInformation Technology IndustryApplication Software Beta (adjusted)1.15 Intrinsic Value $423.76median of 6 methods · middle span $282-$721based on filings through 31 Jul 2026 Market Price $490.54Price as of 1 Oct 2026 Near fair valueIntrinsic value is 14% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $94B Enterprise Value $100.4B Shares Outstanding 199.5M diluted Moat Rating None All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Synopsys enters the final quarter of FY2026 with broad-based operating momentum: FY2026 Q3 revenue and non-GAAP EPS exceeded prior guidance, management raised full-year revenue, margin, EPS and cash-flow expectations, and Design IP returned to year-over-year growth. The Ansys integration has also progressed from strategic intent to commercially available joint workflows. A balanced stance remains appropriate because the acquisition adds execution and deleveraging obligations, guidance assumes no further export-control changes. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$414.77 Mean target$561.03 High · most bullish analyst$650.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $414.7719% New export restrictions, renewed Design IP weakness or slower adoption of combined Synopsys-Ansys products causes revenue, margin or cash flow to fall below the raised outlook. Integration complexity and acquisition-related financial obligations then constrain strategic flexibility and delay expected benefits. Base CaseCentral scenario $561.0358% Matches the consensus meanSynopsys delivers within its raised FY2026 ranges, with EDA remaining the principal growth engine, Ansys integration advancing on schedule and Design IP maintaining positive year-over-year growth. The September Investor Day provides the next major opportunity to validate long-term targets and synergy expectations. Bull CaseUpside scenario $650.0023% Sustained AI-driven EDA demand, continued Design IP recovery and successful adoption of integrated Synopsys-Ansys workflows produce results above the raised FY2026 outlook. Multiphysics Fusion and other combined products expand cross-selling while operating discipline converts growth into stronger margins and cash generation. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |