Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Cadence Design Systems Inc (NASDAQ: CDNS) weakened of late. CDNS’ current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Cadence Design Systems Inc (NASDAQ: CDNS) stock rose slightly by 0.02% on 3/7/25. The stock closed at $243.21. Moreover, trading volume in this advance was above average at 121% of normal. The stock has performed in line with the market over the last nine months and has declined -2.2% during the last week.
Current PriceTarget Research Rating
Cadence Design Systems has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Cadence Design Systems has a neutral Power Rating of 46 but a poor Appreciation Score of 28, resulting in the Negative Value Trend Rating.
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