Keybanc Maintains Overweight on Cadence Design Sys, Raises Price Target to $265
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Jason Celino maintains an Overweight rating on Cadence Design Sys (NASDAQ:CDNS) and raises the price target from $235 to $265.
July 13, 2023 | 8:36 am
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Keybanc analyst maintains an Overweight rating on Cadence Design Sys and raises the price target from $235 to $265.
The raised price target by Keybanc indicates a positive outlook for Cadence Design Sys. This could potentially lead to an increase in the stock price in the short term as it signals the analyst's confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100