Demystifying Cadence Design Sys: Insights From 12 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Cadence Design Systems (NASDAQ:CDNS) has been analyzed by 12 analysts, revealing a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $327.58, with a high of $355.00 and a low of $280.00. Recent analyst actions include several rating raises and a few neutral stances.
June 27, 2024 | 12:01 pm
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Cadence Design Systems has received mixed analyst ratings, with a majority being bullish or somewhat bullish. The average 12-month price target is $327.58, reflecting a slight increase from previous estimates. Recent analyst actions include several rating raises and a few neutral stances.
The majority of analysts have a positive outlook on CDNS, with several raising their price targets. This indicates a generally optimistic view of the company's future performance, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100