Analysts Offer Insights on Technology Companies: Cadence Design (CDNS) and QuickLogic (QUIK)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Cadence Design (CDNS – Research Report) and QuickLogic (QUIK – Research Report) with bullish sentiments.
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Cadence Design (CDNS)
Citi analyst Kelsey Chia reiterated a Buy rating on Cadence Design yesterday. The company’s shares closed last Wednesday at $325.34, close to its 52-week high of $328.99.
According to TipRanks.com, Chia is ranked #3195 out of 10113 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cadence Design with a $379.46 average price target.
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QuickLogic (QUIK)
In a report released today, Richard Shannon from Craig-Hallum maintained a Buy rating on QuickLogic. The company’s shares closed last Wednesday at $6.09, close to its 52-week low of $5.27.
According to TipRanks.com, Shannon is a top 100 analyst with an average return of
Currently, the analyst consensus on QuickLogic is a Moderate Buy with an average price target of $7.98.
