DA Davidson analyst Thomas Diffely raised his price target on Synopsys to $110 after "another solid beat and raise quarter". The analyst notes the company's performance was driven by healthy organic and inorganic growth across every product group, adding that he is especially bullish on the Electronic Design Automation segment fundamentals benefiting from key multi-year growth drivers of "AI, big data, autonomous driving, and the rise of new system houses". Diffely keeps his Buy rating on Synopsis, further citing its "strong market fundamentals and solid operational excellence".