SNPS ▲ +1.2% - Synopsys, Inc. $SNPS Morgan Stanley upgraded Synopsys to Overweight from Neutral and set a PT of $500 in a Sept. 8 note, citing clearer post-Ansys acquisition synergies, a recovery in its Design IP business and potential simulation demand from physical AI (robots, autonomous driving). The bank said shares could reach $1,000 if AI-chip development accelerates and physical AI/software testing raise profitability, but a semiconductor downturn that cuts R&D could push the stock toward $200. Morgan Stanley upgraded Synopsys to Overweight from Neutral with a $500 price target, citing clearer synergies from its Ansys acquisition, a recovering Design IP business, and potential demand from physical AI applications. The bank outlined upside to $1,000 if AI-chip development accelerates and physical AI raises profitability, though flagged downside risk to $200 in a semiconductor downturn scenario. 10-SEP-2026 07:32 AM ET