Baird raised the firm’s price target on Cadence Design to $223 from $215 and keeps an Outperform rating on the shares. The analyst said results reflect continued momentum in upfront revenues around verification hardware and software growth spearheaded by System Design.
Published first on TheFly
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Read More on CDNS:
- Cadence Design price target raised to $235 from $225 at KeyBanc
- Cadence Design raises FY23 EPS view to $4.96-$5.04, consensus $4.98
- Cadence Design sees Q2 EPS $1.15-$1.19, consensus $1.25
- Cadence Design reports Q1 EPS $1.29, consensus $1.25
- Cadence Design options imply 2.8% move in share price post-earnings