Synopsys’ investor day and concerns about AI disruption in EDA

A post quotes KeyBanc saying Synopsys’ investor day addressed many bearish concerns, with higher long-term EDA and IP growth targets alongside better-than-expected initial FY27 guidance. KeyBanc said it raised its estimates and price target while reiterating its overweight rating. The poster separately argued that Synopsys’ OpenAI deal undercuts fears that frontier AI will disrupt EDA.