Why Synopsys, Inc. (SNPS) stock moved
Synopsys, Inc. (SNPS) shares tumbled 7.9% to $384.28 as of July 20, 2026, a significant decline from the prior close of $417.03. BestStocks flagged the session as a major change for SNPS. Below, we break down what changed for SNPS, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
SNPS fell 7.9% to $384.27
SNPS tumbled 7.9% in its latest session, moving from $417.03 to $384.28.
What it means for Synopsys, Inc. investors
For Synopsys, Inc. investors, the recent signals add up to a strong bearish shift. Weighing against that: Sharp 7.9% decline — elevated risk; High volume 2.6x on decline — distribution signal. Wall Street's consensus price target sits at $557.00, implying +44.9% upside from $384.28. Over the past 90 days analysts logged 1 upgrade and 0 downgrades. BestStocks rates the overall signal quality weak (0/100). With earnings roughly 50 days out, the next report is the most likely near-term test of the move.
SNPS price reaction
SNPS last traded at $384.28, down $32.76 (-7.85%) from the previous close of $417.03. The session traded on 2.6× average volume (very high), so the move carried above-average conviction. Over the past month the stock has ranged between $384.28 and $464.58, and it currently sits about 0% of the way up that band.
Bullish and bearish analyst opinions on Synopsys, Inc. (SNPS)
The consensus analyst price target on Synopsys, Inc. (SNPS) is $557.00, 44.9% above the recent $384.28. Over the past 90 days analysts logged 1 upgrade, 12 maintains, and 0 downgrades. Here is how the bullish and bearish cases on SNPS line up.
The bullish case
- Wall Street's consensus price target of $557.00 implies +44.9% upside from $384.28.
- The Street's most bullish target is $633.00 (+64.7%).
- 1 analyst upgrade in the past 90 days, most recently Piper Sandler to Overweight (2026-06-23).
The bearish case
- Sharp 7.9% decline — elevated risk.
- High volume 2.6x on decline — distribution signal.
- SNPS fell 3.05% to $441.69 in the first 95 minutes of trading on below-average volume (0.50x expected ratio).
- Synopsys, Inc. (SNPS) moved -1.94% from $425.28 to $417.03 on 2026-07-16.
Weighing both sides, BestStocks' composite read of recent signals is strongly bearish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Jul 20, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Previous notable changes for SNPS
Frequently asked questions about SNPS
Why did Synopsys, Inc. (SNPS) stock move?
SNPS tumbled 7.9% to $384.28. No single company-specific catalyst was confirmed during the move window, and it looks technical.
How much did SNPS stock fall?
SNPS lost 7.85% ($32.76) versus the prior close of $417.03, last trading at $384.28 on 2.6× average volume.
When is Synopsys, Inc.'s next earnings date?
SNPS's next earnings report is estimated for 2026-09-08 — about 50 days away.
What is the analyst price target for SNPS?
The consensus analyst price target for SNPS is $557.00, about 44.9% above the current $384.28. Over the past 90 days, analysts recorded 1 upgrade, 12 maintains, and 0 downgrades.
How BestStocks tracks SNPS
This page is generated automatically by BestStocks' change-detection system after its price and volume cleared SNPS-specific materiality thresholds, triggering an evidence check. It draws on 13 tracked change events for SNPS, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of July 20, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.