Major Bank Ratings｜Benchmark: Optimistic About AI-driven EDA Prospects, Initiates Synopsys and Cadence With "Buy" Ratings

Glonghui, July 16 — Benchmark recently initiated research coverage on leading EDA software companies Synopsys and Cadence Design Systems, assigning both a "Buy" rating. The development of artificial intelligence, increased complexity in semiconductor design, and robust industry fundamentals are expected to generate strong long-term demand for these companies. Benchmark set a target price of $570 for Synopsys and $450 for Cadence, both offering significant upside compared to recent share prices.