Needham Reiterates Buy on Cadence Design Sys, Maintains $268 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi has reiterated a 'Buy' rating on Cadence Design Sys (NASDAQ:CDNS) and maintained a price target of $268.
October 24, 2023 | 11:00 am
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Needham analyst has reiterated a 'Buy' rating on Cadence Design Sys and maintained a price target of $268.
The reiteration of a 'Buy' rating by a Needham analyst and the maintenance of a high price target indicates strong confidence in the company's stock. This could potentially lead to increased investor interest and a positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100