Analyst Expectations For Cadence Design Sys's Future
Portfolio Pulse from Benzinga Insights
Analysts have mixed ratings for Cadence Design Systems (NASDAQ:CDNS), with a recent average price target of $297.29, down from $307.80. The company's financial performance shows strong net margins and ROE, but revenue growth lags behind industry peers.
October 15, 2024 | 12:01 pm
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Cadence Design Systems has received mixed analyst ratings, with a recent average price target of $297.29, a decrease from $307.80. The company's financials show strong net margins and ROE, but revenue growth is below industry average.
The mixed analyst ratings and lowered price target suggest uncertainty about Cadence's short-term stock performance. However, strong financial metrics like net margins and ROE provide a positive outlook, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100