Cadence Design Systems Inc (NASDAQ: CDNS) stock enjoyed a major increase of 12.5% on 10/29/24. The shares closed at $284.45. Moreover, trading volume in this advance was exceptionally high at 317% of normal. The stock has risen 12.4% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CDNS is expected to continue to be a major Value Builder.
Cadence Design Systems has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Cadence Design Systems has a neutral Power Rating of 40 but a poor Appreciation Score of 22, leading to the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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