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Cadence Design price target raised to $295 from $280 at Rosenblatt

Cadence Design price target raised to $295 from $280 at Rosenblatt

Rosenblatt raised the firm’s price target on Cadence Design (CDNS) to $295 from $280 and keeps a Neutral rating on the shares following the Q4 report. The firm marginally trimmed forecasts due to weakness in China but rolled its valuation to fiscal 2026 numbers, bumping up the price target

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