Update: BofA Securities Cuts Price Target on Cadence Design Systems to $375 From $400, Maintains Buy Rating

MT Newswires Live

Feb 19

(Updated to include BofA's commentary)

BofA Securities cuts its price target on Cadence Design Systems (CDNS) to $375 from $400, while reiterating its buy rating after the company's Q4 earnings release.

Following the quarterly beat and strong full-year outlook, the brokerage said it continues to see the company as an AI force multiplier protected against AI disruption.

The brokerage mentioned that the company remains its top EDA pick as their advanced chip design tools are seeing accelerating AI-driven demand and share gains across software, hardware, IP, SD&A segments.

Cadence Design Systems has an average rating of buy and mean price target of $376.35, according to analysts polled by FactSet.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 309.44, Change: +25.98, Percent Change: +9.17

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Research providers may contact us here: https://www.mtnewswires.com/contact-us)</p><p>Price: 309.44, Change: +25.98, Percent Change: +9.17</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CDNS","symbol_name":"铿腾电子","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2612244714","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612244714","pubTimestamp":1771432950,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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