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Piper Sandler Reaffirms Their Hold Rating on Cadence Design (CDNS)

Tipranks - Tipranks - Wed Feb 25, 5:41AM CST

In a report released today, Clarke Jeffries from Piper Sandler maintained a Hold rating on Cadence Design, with a price target of $319.00.

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Jeffries covers the Technology sector, focusing on stocks such as Autodesk, Cadence Design, and Tyler Technologies. According to TipRanks, Jeffries has an average return of -1.4% and a 43.82% success rate on recommended stocks.

In addition to Piper Sandler, Cadence Design also received a Hold from TipRanks – Anthropic’s Anthropic Software – Application in a report issued today. However, on the same day, TipRanks – Google reiterated a Buy rating on Cadence Design (NASDAQ: CDNS).

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Based on Cadence Design’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.44 billion and a net profit of $388.14 million. In comparison, last year the company earned a revenue of $1.36 billion and had a net profit of $340.21 million

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