B of A Securities Maintains Buy on Cadence Design Sys, Raises Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya maintains a Buy rating on Cadence Design Sys (NASDAQ:CDNS) and raises the price target from $280 to $285.
July 25, 2023 | 2:56 pm
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POSITIVE IMPACT
B of A Securities maintains a Buy rating on Cadence Design Sys and raises the price target from $280 to $285.
The raised price target by B of A Securities 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 future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100