Piper Sandler analyst Clarke Jeffries initiated coverage of Cadence Design with a Neutral rating and $334 price target. Cadence is a premier software asset estimated be a “Rule of 50” company for three years running, the analyst tells investors in a research note. However, the firm believes the shares are fairly valued for continued low-double-digit growth and teens free cash flow growth.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CDNS:
- Early notable gainers among liquid option names on March 19th
- Cadence Design announces expansion of multi-year collaboration with Nvidia
- DELL, CDNS, INTU: Which AI-Exposed Tech Stock Is Best?
- Cadence Design announces collaboration with Arm on automotive chiplet ecosystem
- Cadence Design put volume heavy and directionally bearish
