Cadence Design Systems (NASDAQ:CDNS) has been receiving considerable attention in the market, with analysts at Goldman Sachs conferring a 'Buy' rating, and KeyCorp raising its price target to $358.00. The company unveiled an
industry-first LPDDR6/5X Memory IP, positioning them at the forefront of AI and HPC. Investors are also growing more interested, as evidenced by Lountzis Asset Management and Capital Investment Advisory Services acquiring new shares. Ninety One UK Ltd and Penserra Capital Management also augmented their holdings. Despite some declines, the company is still a hot topic in the investment world, as it gains traction through its
relationship with NVIDIA, as well as riding the AI wave with strategic acquisitions and strong earnings momentum. CDNS shares have been sold by various entities, however, there has been a 24% gain in the last three months. The recent lifting of export restrictions on Cadence Design Systems, coupled with control of its debts and strong fundamentals, are likely to steer a bullish outlook.
Cadence Design Systems CDNS News Analytics from Thu, 13 Feb 2025 08:00:00 GMT to Sat, 12 Jul 2025 23:27:28 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor -2
