Needham Reiterates Buy on Cadence Design Sys, Maintains $320 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi reiterates a Buy rating on Cadence Design Systems (CDNS) and maintains a $320 price target.
April 23, 2024 | 10:01 am
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Needham analyst Charles Shi reaffirms a Buy rating on Cadence Design Systems with a $320 price target.
The reiteration of a Buy rating and maintenance of a high price target by a reputable analyst like Charles Shi from Needham suggests a strong bullish outlook for Cadence Design Systems. This endorsement is likely to instill confidence in investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100