Cadence Design (CDNS)
In a report issued on April 26, Joseph Vruwink from Robert W. Baird maintained a Buy rating on Cadence Design, with a price target of $160.00. The company’s shares closed last Wednesday at $133.27.
According to TipRanks.com, Vruwink is a 4-star analyst with an average return of 31.7% and a 80.0% success rate. Vruwink covers the Technology sector, focusing on stocks such as Manhattan Associates, Bentley Systems, and Veeva Systems.
Cadence Design has an analyst consensus of Moderate Buy, with a price target consensus of $156.00, which is a 18.0% upside from current levels. In a report issued on April 20, Wells Fargo also maintained a Buy rating on the stock with a $165.00 price target.