Baird Maintains Outperform on Cadence Design Sys, Lowers Price Target to $338
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Joe Vruwink maintains an Outperform rating on Cadence Design Systems (NASDAQ:CDNS) but lowers the price target from $341 to $338.
July 23, 2024 | 11:16 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Baird analyst Joe Vruwink maintains an Outperform rating on Cadence Design Systems (NASDAQ:CDNS) but lowers the price target from $341 to $338.
The Outperform rating suggests continued confidence in the stock's performance, but the slight reduction in the price target indicates a minor adjustment in expectations. This is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100