Cadence Designs (CDNS) PT Lowered to $340 at Loop Capital

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Go back to Cadence Designs (CDNS) PT Lowered to $340 at Loop Capital

KeyBanc says buy 'any perceived weakness' in this stock

February 19, 2025 4:00 PM EST

KeyBanc Capital Markets told investors in a note Wednesday that it is a buyer on any perceived weakness in Cadence Design Systems (NASDAQ: CDNS) following the companys very strong Q4 backlog and what analysts see as a conservative 2025 revenue outlook.

Cadence reported a Q4 backlog of $6.8 billion, marking a record sequential expansion of $1.2 billion, the largest in... More