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 (NASDAQ:CDNS) and maintained a price target of $320.
May 17, 2024 | 10:07 am
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Needham analyst Charles Shi has reiterated a Buy rating on Cadence Design Systems (NASDAQ:CDNS) and maintained a price target of $320.
The reiteration of a Buy rating and the maintenance of a $320 price target by a reputable analyst can positively influence investor sentiment and potentially drive the stock price up in the short term.
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