Needham Maintains Buy on Cadence Design Sys, Raises Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi has maintained a Buy rating on Cadence Design Systems (CDNS) and increased the price target from $315 to $320.
February 13, 2024 | 12:07 pm
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Needham analyst Charles Shi reaffirmed a Buy rating on Cadence Design Systems and raised the price target to $320.
The increase in price target by a reputable analyst suggests a positive outlook on the company's future performance, likely leading to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100