Stock Rating Upgrade
In recent days the Value Trend Rating for Cadence Design Systems Inc (NASDAQ: CDNS) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 2/21/25, Cadence Design Systems Inc (NASDAQ: CDNS) stock declined by -4.4%, closing at $258.34. Moreover, exceptionally high trading volume at 259% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -12.1% during the last week.
Current PriceTarget Research Rating
Cadence Design Systems has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Cadence Design Systems has a slightly negative Appreciation Score of 32 and a neutral Power Rating of 59, with the Low Neutral Value Trend Rating the result.
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