Initiated Outperform X

CDNS Cadence Design

BNP Paribas Exane

$400

Downgrades Overweight Neutral X

CDNS Cadence Design

Piper Sandler

$355

Initiated Buy X

CDNS Cadence Design

Goldman

$380

Upgrades Neutral Overweight X

CDNS Cadence Design

JP Morgan

$325

Initiated Buy X

CDNS Cadence Design

Redburn Atlantic

$350

Initiated Overweight X

CDNS Cadence Design

Wells Fargo

$350

Initiated Buy X

CDNS Cadence Design

Loop Capital

$360

Initiated Outperform X

CDNS Cadence Design

Mizuho

$325

Initiated Buy X

CDNS Cadence Design

Berenberg

$320

Initiated Underperform X

CDNS Cadence Design

Oppenheimer

$225

Upgrades Neutral Overweight X

CDNS Cadence Design

Piper Sandler

$318

Initiated Neutral X

CDNS Cadence Design

Piper Sandler

$334

Upgrades Eq-Weight Overweight X

CDNS Cadence Design

Morgan Stanley

$350

Downgrades Buy Neutral X

CDNS Cadence Design

Rosenblatt

$280

Initiated Equal-Weight X

CDNS Cadence Design

Morgan Stanley

$260

Upgrades Hold Buy X

CDNS Cadence Design

Stifel

$210 $300

Upgrades Neutral Overweight X

CDNS Cadence Design

Atlantic Equities

$200

Upgrades Neutral Buy X

CDNS Cadence Design

BofA Securities

Initiated Buy X

CDNS Cadence Design

Deutsche Bank

$200

Initiated Hold X

CDNS Cadence Design

Stifel

$200

Initiated Outperform X

CDNS Cadence Design

Wolfe Research

$210

Upgrades Underperform Neutral X

CDNS Cadence Design

BofA Securities

$160 $175

Reiterated Underperform X

CDNS Cadence Design

BofA Securities

$160 $180

Initiated Buy X

CDNS Cadence Design

Needham

$183

Initiated Buy X

CDNS Cadence Design

Rosenblatt

$156

Downgrades Buy Underperform X

CDNS Cadence Design

BofA Securities

Upgrades Sec Weight Overweight X

CDNS Cadence Design

KeyBanc Capital Markets

$155

Initiated Market Perform X

CDNS Cadence Design

Wells Fargo

Resumed Sector Weight X

CDNS Cadence Design

KeyBanc Capital Markets

Reiterated Buy X

CDNS Cadence Design

Needham

$60 $64

Initiated Hold X

CDNS Cadence Design

Berenberg

$50

Upgrades Underweight Neutral X

CDNS Cadence Design

JP Morgan

Upgrades Hold Buy X

CDNS Cadence Design

The Benchmark Company

$51

Reiterated Buy X

CDNS Cadence Design

Needham

$47 $50

Reiterated Buy X

CDNS Cadence Design

Griffin Securities

$50 $52

Reiterated Buy X

CDNS Cadence Design

Needham

$47 $50

Upgrades Hold Buy X

CDNS Cadence Design

Needham

$47

CDNS  Cadence Design Systems, Inc.

Cadence Design Systems, Inc. provides solutions that enable its customers to design electronic products. The Company's product categories include Functional Verification, Digital integrated circuits (IC) Design and Signoff, Custom IC Design and Verification, System Interconnect and Analysis, and intellectual property (IP). Functional verification products are used to verify that the circuitry or the software designed will perform as intended. Digital IC design offerings are used to create representations of a digital circuit or an IC that can be verified for correctness prior to implementation. Custom IC design and verification offerings are used to create schematic and physical representations of circuits down to the transistor level for analog and memory designs. System Interconnect and Analysis offerings are used to develop printed circuit boards and IC packages. Design IP offerings consist of functional blocks, which customers integrate into their ICs for the development process.