BofA raised the firm’s price target on Cadence Design (CDNS) to $400 from $375 and keeps a Buy rating on the shares. Following “one of their strongest Q1 FY guidance raises,” the firm raised its own FY26 and FY27 pro-forma EPS estimates by 1% each.
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Read More on CDNS:
- Cadence Design price target raised to $325 from $319 at Piper Sandler
- Cadence Design price target raised to $375 from $360 at Rosenblatt
- Cadence Design price target raised to $385 from $381 at Baird
- 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