KeyBanc's price target increase reflects its optimism about Synopsys' ability to execute as a unified entity following the acquisition, with the firm also providing an early look at potential combined financial performance for fiscal year 2026. In other recent news, Synopsys has completed its acquisition of Ansys, creating a combined entity that enhances its engineering solutions capabilities. This merger positions the company to compete in an expanded $31 billion market, integrating Synopsys' silicon design expertise with Ansys' simulation and analysis strengths. Following the acquisition, Piper Sandler raised its price target for Synopsys to $660, maintaining an Overweight rating, while Needham also increased its target to $660, citing China's conditional approval of the deal. Goldman Sachs reiterated a Buy rating on Synopsys with a price target of $700, although it cautioned about potential volatility related to the Ansys integration.