SNPS trades 36.1% below Wall Street's consensus target of $557.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes SNPS achieves its forward estimates and maintains a stable P/E multiple of 27.0x. This scenario reflects the blended consensus of 29 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 23, 2026, Synopsys, Inc. (SNPS) has a Wall Street consensus price target of $557.00, based on estimates from 29 covering analysts. With the stock currently trading at $409.24, this represents a potential upside of +36.1%. The company has a market capitalization of $78.36B.
Analyst price targets range from a low of $475.00 to a high of $633.00, representing a 28% spread in expectations. The median target of $560.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 27 analysts rating the stock as a Buy or Strong Buy,1 rating it Hold, and 1 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, SNPS trades at a trailing P/E of 50.9x and forward P/E of 27.0x. The forward PEG ratio of 2.00 reflects a premium valuation. Analysts expect EPS to grow +170.5% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $505.53, with bear and bull scenarios of $318.49 and $666.09 respectively. Model confidence stands at 51/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 CDNSCadence Design Systems, Inc. | $83.6B | $302.95 | $401.60 | +32.6% | Buy | 37.2x | 31 |
 COHUCohu, Inc. | $3.0B | $64.54 | $66.83 | +3.5% | Buy | 67.9x | 14 |
 ONTOOnto Innovation Inc. | $14.1B | $283.81 | $385.56 | +35.9% | Buy | 35.0x | 12 |
 FORMFormFactor, Inc. | $9.8B | $126.01 | $150.50 | +19.4% | Buy | 41.4x | 19 |
 PLABPhotronics, Inc. | $1.8B | $30.42 | $55.00 | +80.8% | Buy | 15.1x | 11 |
 CEVACEVA, Inc. | $929M | $33.36 | $46.20 | +38.5% | Buy | 60.9x | 28 |
 NVDANVIDIA Corporation | $5.5T | $228.87 | $345.21 | +50.8% | Buy | 24.7x | 79 |
 INTCIntel Corp. | $624.7B | $123.86 | $110.97 | -10.4% | Hold | 81.7x | 85 |
 AMDAdvanced Micro Devices, Inc. | $1.0T | $623.77 | $598.24 | -4.1% | Buy | 81.7x | 70 |
 AMATApplied Materials, Inc. | $375.1B | $472.46 | $666.30 | +41.0% | Buy | 36.9x | 55 |
Quick answers to the most common questions about buying SNPS stock.
The consensus Wall Street price target for SNPS is $557, representing 36.1% upside from the current price of $409.24. With 29 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
SNPS has a consensus rating of "Buy" based on 29 Wall Street analysts. The rating breakdown is predominantly bullish, with 27 Buy/Strong Buy ratings. The consensus 12-month price target of $557 implies 36.1% upside from current levels.
SNPS trades at a forward P/E of 27.03x, representing a moderate valuation. With analysts targeting $557 (36.1% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $633 for SNPS, while the most conservative target is $475. The consensus of $557 represents the median expectation. Our quantitative valuation model projects a bull case target of $666 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
SNPS is heavily covered by Wall Street, with 29 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 27 have Buy ratings, 1 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month SNPS stock forecast based on 29 Wall Street analysts shows a consensus price target of $557, with estimates ranging from $475 (bear case) to $633 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $506, with bear/bull scenarios of $318/$666.
Our quantitative valuation model calculates SNPS's fair value at $506 (base case), with a bear case of $318 and bull case of $666. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 51/100.
SNPS trades at a forward P/E ratio of 27.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 50.9x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on SNPS, with a "Buy" consensus rating and $557 price target (36.1% upside). 27 of 29 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
SNPS analyst price targets range from $475 to $633, a 28% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $557 consensus represents the middle ground. Our model's $318-$666 range provides an independent fundamental perspective.
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