Baird analyst Joe Vruwink raised the firm’s price target on Cadence Design (CDNS) to $385 from $381 and keeps an Outperform rating on the shares. The firm updated its model following results where accelerating momentum drove a large 2026 gudance raise.
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Read More on CDNS:
- Cadence Design: Buy Rating Reiterated on Strengthening AI-Driven Growth, Guidance Lift, and Maintained $400 Price Target
- Cadence Design price target raised to $425 from $405 at KeyBanc
- Closing Bell Movers: Sanmina jumps over 10% on earnings beat
- Cadence Design cuts FY26 EPS view to $7.85-$7.95 from $8.05-$8.15
- Cadence Design reports Q1 adjusted EPS $1.96, consensus $1.89