Synopsys Surges to 16th in Trading Volume with $44.80 Billion Turnover

On July 16, 2025, Synopsys (SNPS) saw a significant increase in trading volume, with a turnover of $44.80 billion, marking a 149.28% rise from the previous day. This surge placed Synopsys at the 16th position in terms of trading volume for the day. Additionally, the stock price of Synopsys rose by 0.37%, marking the second consecutive day of gains, with a total increase of 3.94% over the past two days.

Bank of America has raised its price target for Synopsys from $575 to $625, while maintaining a Buy rating on the stock. This adjustment reflects the bank's positive outlook on the company's prospects, particularly in light of its recent approval for the $35 billion acquisition of Ansys. Ansys' tools are well-positioned in the semiconductor market, with approximately 15% exposure, which is expected to further bolster Synopsys' market position.

The average price target for Synopsys stands at $613.07, with a high forecast of $685.00 and a low forecast of $520.00. This average price target represents a potential 11.56% change from the current stock price, indicating a bullish sentiment among analysts regarding the company's future performance.