Cadence Design Systems, Inc. (CDNS) has recently been the focus of various stock market discussions, particularly by famous investor Jim Cramer. Though Cramer suggests buying more and staying long on it, the stock has faced
considerable fluctuations. The stock recently saw a -0.48% move and has extended its gains, outpacing the stock market. Notably, it has broadened its partnership with NVIDIA to boost AI and scientific innovations. However, there have been concerns about the company's long-term risks. Despite this, CDNS holds
institutional ownership of about 87%, signaling confidence among institutions. Furthermore, impressive Q3 results beating estimates have reaffirmed its potential. However, its
stock performance does seem to face some hurdles, notably a recent price target reduction to $200.00 by Oppenheimer and prediction of weaker than expected guidance. With a strong emphasis on AI-driven chip design, it remains a potent player in the sector.
Cadence Design Systems CDNS News Analytics from Mon, 07 Oct 2024 07:00:00 GMT to Sat, 22 Mar 2025 21:09:06 GMT -
Rating 2
- Innovation 7
- Information 6
- Rumor -4
