Cadence Design price target raised to $410 from $375 at Rosenblatt

Rosenblatt raised the firm’s price target on Cadence Design (CDNS) to $410 from $375 and keeps a Buy rating on the shares ahead of Q2 results set to be released on July 27. The firm continues to expect about 17% revenue growth in FY26 and about 13% organic growth in FY27, the analyst tells investors in a preview.

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