What 7 Analyst Ratings Have To Say About Cadence Design Sys
Portfolio Pulse from Benzinga Insights
Over the past quarter, Cadence Design Sys (NASDAQ:CDNS) has received 2 bullish and 5 somewhat bullish ratings from analysts. There were no indifferent, somewhat bearish, or bearish ratings. The average 12-month price target for the company, according to 7 analysts, is $244.71, with a high of $270.00 and a low of $223.00. This average price target has increased by 6.59% over the past month.
July 18, 2023 | 7:01 pm
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POSITIVE IMPACT
Cadence Design Sys has received positive ratings from analysts, with an average 12-month price target of $244.71. This could potentially boost investor confidence and positively impact the stock price in the short term.
Analyst ratings often influence investor sentiment and can impact stock prices. In this case, Cadence Design Sys has received predominantly bullish ratings, which could lead to increased investor confidence and a potential rise in the stock price. The increase in the average price target over the past month further supports this potential positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100