Oppenheimer analyst Edward Yang raised the firm’s price target on Cadence Design (CDNS) to $225 from $200 and keeps an Underperform rating on the shares following quarterly results. The firm cites a mixed Q3 225, noting that the stock was down 1% after-hours.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CDNS:
- Cadence Design price target raised to $335 from $320 at Rosenblatt
- Cadence Design price target raised to $418 from $390 at Baird
- Cadence Design price target raised to $405 from $390 at JPMorgan
- Cadence Design’s Strong Financial Performance and Growth Prospects Drive Buy Rating
- Cadence Design price target raised to $410 from $405 at Wells Fargo