Baird Maintains Outperform on Cadence Design Sys, Raises Price Target to $322
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Joe Vruwink has maintained an Outperform rating on Cadence Design Systems (CDNS) and increased the price target from $302 to $322.
April 19, 2024 | 4:06 pm
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Baird analyst Joe Vruwink reaffirmed an Outperform rating on Cadence Design Systems and raised the price target to $322 from $302.
The increase in price target by Baird reflects a positive outlook on Cadence Design Systems, suggesting confidence in the company's future performance. This analyst endorsement can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100