Wells Fargo raised the firm’s price target on Cadence Design (CDNS) to $410 from $405 and keeps an Overweight rating on the shares. The firm notes Cadence delivered a positive beat / raise as it continues to see strong broad-based demand. With expectations of B2B over 1.0x in Q4, bookings strength and 2026 growth setup remain key drivers of shares. Cadence remains easiest EDA to own, Wells argues.
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