Cadence Reports Third Quarter 2024 Financial Results

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Go back to Cadence Reports Third Quarter 2024 Financial Results

Stifel Reiterates Buy Rating on Cadence Designs (CDNS)

October 29, 2024 5:56 AM EDT

Stifel analyst Ruben Roy reiterated a Buy rating and $350.00 price target on Cadence Designs (NASDAQ: CDNS)

The analyst comments "3Q results beat management guidance across all key metrics with revenue up 18.8% y/y and 14.6% q/q. While CDNS raised its FY2024 EPS outlook modestly to... More