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Synopsys jumps 8% as Baird sees it at 'beginning of decade of impact'

May 18, 2023 2:00 PM ETSynopsys, Inc. (SNPS) StockCDNSBy: Chris Ciaccia, SA News Editor
Synopsys World Headquarters, Mountain View, CA

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Synopsys (NASDAQ:SNPS) shares climbed more than 8% on Thursday after the electronic design automation company reported second-quarter results that topped expectations, prompting investment firm Baird to say it is at the "beginning of [a] decade of impact."

Analyst Joe Vruwink, who has an

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