Baird lowered the firm’s price target on Cadence Design (CDNS) to $335 from $340 and keeps an Outperform rating on the shares. The firm updated its model following Q4 results where a big backlog continues as well as expectations for upside to its 2025 outlook.
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Read More on CDNS:
- Cadence Design Systems’ 2024 Earnings Call Highlights
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