Needham Reiterates Buy on Cadence Design Sys, Maintains $320 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi has reiterated a Buy rating on Cadence Design Systems (CDNS) and maintained a price target of $320. This reaffirms Needham's positive outlook on the company's stock.
March 06, 2024 | 10:03 am
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Needham analyst Charles Shi reiterates a Buy rating on Cadence Design Systems, with a maintained price target of $320, indicating a positive outlook.
The reiteration of a Buy rating and the maintenance of a $320 price target by a reputable analyst like Charles Shi from Needham suggests a strong confidence in Cadence Design Systems' future performance. This endorsement is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100