Needham analyst Richard Valera raised his price target on Synopsys to $145 and kept his Buy rating after its Q3 earnings beat and raised FY19 guidance in spite of removing Huawei-related contributions from its assumptions. The analyst says its "design-driven fundamentals remain healthy" and points to the management's "more confident" tone regarding the company's competitive position, which suggests that it can grow market share in the Digital and Custom segments. Valera also raises his FY19 and FY20 EPS forecasts on Synopsys by 25c and 27c to $4.54 and $5.00 respectively.