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(Updated – September 28, 2022 5:37 PM EDT)
Deutsche Bank analyst Johannes Schaller initiates coverage on Synopsys (NASDAQ: SNPS) with a Buy rating and a price target of $420.00.
The analyst comments “Competitive advantage in digital design and first-mover advantage in AI to be net positive for revenue growth: Synopsys has a competitive advantage in Digital IC design as it as historically held a leading position and it currently holds circa 70% of the digital EDA design market. Its competitive advantage in digital, its first-mover advantage in AI-driven EDA solutions, and the underlying demand for advanced SoCs from IoT, 5G and automotive (EV/AV) are all considered in our revenue growth forecast of ~13% for FY22- 25. Furthermore, we note that Synopsys holds…
