What 7 Analyst Ratings Have To Say About Cadence Design Sys
Portfolio Pulse from Benzinga Insights
Over the last quarter, Cadence Design Systems (NASDAQ:CDNS) received 7 analyst ratings, with 5 being bullish, 1 somewhat bullish, and 1 indifferent. There were no bearish or somewhat bearish ratings. The average 12-month price target for CDNS is $264.00, with a high of $290.00 and a low of $250.00. This target has increased by 1.54% over the past month. Analyst ratings are based on information from company activities, financial statements, and insider conversations, and they provide guidance on stock performance.
November 10, 2023 | 9:00 pm
News sentiment analysis
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POSITIVE IMPACT
Cadence Design Systems has received predominantly bullish ratings from analysts, with an average price target of $264, indicating a positive sentiment towards the stock.
The positive analyst ratings, with the majority being bullish and an upward revision of the price target by 1.54%, suggest a favorable outlook for CDNS in the short term. This could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100