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Analysts’ Opinions Are Mixed on These Technology Stocks: Waystar Holding Corp. (WAY), Sabre (SABR) and Cadence Design (CDNS)

Tipranks - Tue Apr 21, 5:46AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Waystar Holding Corp. (WAY), Sabre (SABR) and Cadence Design (CDNS).

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Waystar Holding Corp. (WAY)

Morgan Stanley analyst Craig Hettenbach maintained a Hold rating on Waystar Holding Corp. today and set a price target of $28.00. The company’s shares closed last Friday at $25.80.

According to TipRanks.com, Hettenbach is ranked #3301 out of 12208 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Waystar Holding Corp. with a $36.17 average price target, which is a 39.9% upside from current levels. In a report issued on April 9, TipRanks – xAI also reiterated a Hold rating on the stock with a $23.50 price target.

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Sabre (SABR)

Morgan Stanley analyst Josh Baer maintained a Hold rating on Sabre today and set a price target of $1.75. The company’s shares closed last Friday at $1.89.

According to TipRanks.com, Baer is a 4-star analyst with an average return of 5.4% and a 48.0% success rate. Baer covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Via Transportation, Inc. Class A, and ServiceTitan, Inc. Class A. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Sabre with a $1.89 average price target, representing a 5.6% upside. In a report issued on April 17, TipRanks – PerPlexity also downgraded the stock to Hold with a $2.00 price target.

Cadence Design (CDNS)

In a report released today, Charles Shi from Needham reiterated a Buy rating on Cadence Design, with a price target of $400.00. The company’s shares closed last Friday at $311.03.

According to TipRanks.com, Shi is a 5-star analyst with an average return of 37.3% and a 59.9% success rate. Shi covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, Axcelis Technologies, and Ultra Clean Holdings. ;'>

Cadence Design has an analyst consensus of Strong Buy, with a price target consensus of $364.66, which is a 15.3% upside from current levels. In a report issued on April 17, KeyBanc also maintained a Buy rating on the stock with a $405.00 price target.

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