HSBC Lowers Synopsys Rating to Hold, Flags 2026 as Transition Year
HSBC Global Investment Research cut its rating on Synopsys Inc to Hold from Buy and trimmed its price target to $455 from $545, citing a lack of near-term catalysts and multiple headwinds as the company moves into fiscal 2026. The bank expects the year to be a transition period, with muted growth in Design IP as resources shift toward AI and high-p…