Synopsys, Inc. SNPS

$SNPS

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Piper Sandler initiates Synopsys at overweight

Piper said it sees “margin opportunity” for the software company.

“Benefiting from strong hyperscaler/datacenter activity, Synopsys has seen a substantial improvement in metrics over the past four years: growing at 15% CAGR and expanding operating margins by 1000bps since 2019.”

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