Mizuho raised the firm’s price target on Cadence Design (CDNS) to $325 from $300 and keeps an Outperform rating on the shares. The company reported roughly in-line Q1 revenue along with a “nice” margin and earnings beat, the analyst tells investors in a research note. Mizuho calls Cadence a “solid growth compounder” and would view any weakness in the shares as a buying opportunity.
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