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What Makes Synopsys Inc. (SNPS) Appear so Attractive
Synopsys Inc. (SNPS) is highlighted as an attractive AI chip stock, with Morgan Stanley maintaining an “Equal Weight” rating and a price target of $480, suggesting a more than 21% upside. The company’s integration with Ansys is expected to achieve a $400 million cost synergy earlier than anticipated, and Synopsys recently executed an accelerated share repurchase agreement for $250 million. Synopsys develops intellectual property solutions and electronic design automation tools for the semiconductor and electronics industries.