Deutsche Bank analyst Gianmarco Conti placed a "Catalyst Call: Buy" on shares of Cadence Design (CDNS) ahead of its Q4 earnings report due on February 13. The firm, which has a Buy rating on Cadence shares, believes the company will post a "solid print" and issues the short-term catalyst Buy based on a mix of "fairly unambitious" consensus expectations, the new outlook that should be coming, and easier comps compared to Cadence’s peer Synopsys (SNPS).
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CDNS:
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- Synopsys re-initiated with an Overweight at Atlantic Equities
- Cadence Design upgraded to Overweight from Neutral at Atlantic Equities
- Cadence Design Chair sells $6.58M in common stock
- Early notable gainers among liquid option names on December 16th