JPMorgan raised its price target for Cadence Design Systems from $405 to $420.

JPMorgan raised its price target for Cadence Design Systems from $405 to $420. According to the research information, the average buy rating and new price target are $412.87. The source is said to be MT Newswires.

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The story

J.P. Morgan raised its price target for Cadence Design Systems from the previous $405 to $420. Its assessment of the company remained unchanged, and the higher price target was presented as part of a new outlook.

According to the firm's analyst survey, the average Buy rating for CDNS remains high, and the new price target is $420. The article reports the average Buy rating and the new price target as $412.87.

At a glance

Price targetJPMorgan raised its price target for CDNS from $405 to $420

Average buy ratingCDNS has been reported to have an average buy rating and a $412.87 price target

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