Analyst Ratings For Cadence Design Sys
Portfolio Pulse from Benzinga Insights
Over the past three months, 11 analysts have shared their evaluations of Cadence Design Systems (NASDAQ:CDNS), showing a range of sentiments from bullish to bearish. The average 12-month price target has increased by 2.72% to $322.36. Key financial metrics indicate strong profitability and financial health, despite a recent revenue decline.
May 17, 2024 | 12:00 pm
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Analysts have mixed sentiments on Cadence Design Systems (NASDAQ:CDNS) with an average 12-month price target of $322.36, up 2.72%. Financial metrics show strong profitability and financial health, but recent revenue has declined by 1.23%.
The increase in the average price target and strong financial metrics such as net margin, ROE, and ROA suggest a positive outlook. However, the recent revenue decline tempers the overall sentiment, leading to a slightly positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100