Rosenblatt analyst Blair Abernethy raised the firm’s price target on Cadence Design to $200 from $175 and keeps a Buy rating on the shares. The analyst increased the firm’s fiscal 2023 estimates "marginally" following the Q4 beat.
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Read More on CDNS:
- Cadence Design price target raised to $215 from $206 at Baird
- Cadence Design price target raised to $225 from $205 at BofA
- Cadence Design price target raised to $225 from $215 at KeyBanc
- Cadence Design guides initial FY23 EPS $4.90-$5.00, consensus $4.70
- Cadence Design sees Q1 EPS $1.23-$1.27, consensus $1.10