Cadence Design (CDNS): New Buy Recommendation for This Technology Giant
Mizuho Securities analyst reiterated a Buy rating on Cadence Design today and set a price target of $400.00.
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In addition to Mizuho Securities, Cadence Design also received a Buy from KeyBanc’s Jason Celino in a report issued today. However, on February 12, Oppenheimer maintained a Hold rating on Cadence Design (NASDAQ: CDNS).
Based on Cadence Design’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.34 billion and a net profit of $287.12 million. In comparison, last year the company earned a revenue of $1.22 billion and had a net profit of $238.11 million
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- Cadence Design upgraded to Buy from Neutral at Rosenblatt
- Cadence: Durable Growth, Conservative Guidance, and AI-Driven Upside Support Overweight Rating
- Cadence Design price target lowered to $370 from $385 at Morgan Stanley
- Cadence Design price target lowered to $375 from $410 at Wells Fargo
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