Wells Fargo Maintains Overweight on Cadence Design Sys, Raises Price Target to $330
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley maintains an Overweight rating on Cadence Design Systems (CDNS) and raises the price target from $310 to $330.
February 06, 2024 | 4:27 pm
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Wells Fargo analyst Gary Mobley maintains an Overweight rating on Cadence Design Systems and raises the price target from $310 to $330.
The increase in price target by a reputable analyst like Gary Mobley suggests a positive outlook on Cadence Design Systems' stock, likely leading to a short-term increase in its stock price. Analyst ratings and price target adjustments are significant indicators for investors, and an upgrade typically signals confidence in the company's future performance.
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IMPORTANCE 90
RELEVANCE 100