New Buy Rating for Cadence Design (CDNS), the Technology Giant
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Simpson covers the Technology sector, focusing on stocks such as Cadence Design, Synopsys, and ASML Holding NV. According to TipRanks, Simpson has an average return of 4.7% and a 57.33% success rate on recommended stocks. Cadence Design has an analyst consensus of Strong Buy, with a price target consensus of $374.17, representing a 5.89% upside. In a report released on October 2, Exane BNP Paribas also initiated coverage with a Buy rating on the stock with a $400.00 price target.
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