Keybanc Maintains Overweight on Cadence Design Sys, Raises Price Target to $290
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Jason Celino maintains an Overweight rating on Cadence Design Sys (NASDAQ:CDNS) and raises the price target from $270 to $290.
September 14, 2023 | 8:31 am
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POSITIVE IMPACT
The Overweight rating and increased price target by Keybanc could potentially lead to a positive short-term impact on Cadence Design Sys's stock.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. In this case, Keybanc's Overweight rating indicates a positive outlook for Cadence Design Sys, and the raised price target suggests that the stock may have further upside potential. This could lead to increased buying pressure and a potential rise in the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100