B of A Securities Maintains Buy on Cadence Design Sys, Raises Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained its Buy rating on Cadence Design Systems (NASDAQ:CDNS) and raised the price target from $330 to $350.
May 30, 2024 | 3:39 pm
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B of A Securities has maintained its Buy rating on Cadence Design Systems and raised the price target from $330 to $350, indicating confidence in the company's future performance.
The raised price target from $330 to $350 by B of A Securities suggests a positive outlook for Cadence Design Systems. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100