Rosenblatt raised the firm’s price target on Cadence Design (CDNS) to $335 from $320 and keeps a Neutral rating on the shares after the company reported “solid” Q3 results. Though the firm sees Cadence performing well and view its end-markets as healthy, it would await a more attractive entry point given current stock price levels, the analyst tells investors.
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Read More on CDNS:
- 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
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