Wells Fargo Maintains Overweight on Cadence Design Sys, Raises Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley has maintained an Overweight rating on Cadence Design Systems (CDNS) and increased the price target from $330 to $350.
April 16, 2024 | 12:32 pm
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POSITIVE IMPACT
Wells Fargo has reaffirmed its Overweight rating on Cadence Design Systems and raised its price target to $350.
The upgrade in the price target by a reputable analyst like Gary Mobley from Wells Fargo is a strong positive signal for Cadence Design Systems. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100