BofA raised the firm’s price target on Cadence Design (CDNS) to $350 from $320 and keeps a Buy rating on the shares. After an inline Q1, slightly ahead of expected Q2, and modest FY25 raise, the firm raised its pro-forma EPS estimates by 1% and 2% for calendar year 2025 and 2026, respectively.
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Read More on CDNS:
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