Deutsche Bank analyst Gianmarco Conti raised the firm’s price target on Cadence Design to $222 from $200 and keeps a Buy rating on the shares. Artificial intelligence, design complexity and excess demand for verification should drive the company’s earnings growth in fiscal 2023, the analyst tells investors in a research note. "More companies want to do more designs with less resources, and it’s here that Cadence is set to reap benefit," writes the firm.
Published first on TheFly
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