Cadence Design Systems, Inc.

NASDAQ Global Select
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Very Bullish +85

Analysts Are Bullish on These Technology Stocks: Dynatrace (DT), Cadence Design (CDNS)

AI-generated analysis

- Analysts maintain Strong Buy ratings for Dynatrace and Cadence Design with significant upside potential.

- Jefferies set a $45.00 price target for Dynatrace, implying 30% upside from current levels.

- Berenberg Bank maintains a Buy rating on Cadence Design with a $400.00 price target.

- TipRanks upgraded Cadence Design to Buy with a $371.00 price target recently.

- Analyst consensus for Dynatrace suggests a $47.75 average price target.

- Cadence Design shares closed near its 52-week high of $328.99 last Tuesday.

- DBS maintains a Buy rating on BYD Electronic with a HK$34.30 price target.

Bullish Signals
  • Jefferies analyst Brent Thill maintains a Buy rating on Dynatrace with a $45.00 price target.
  • Dynatrace has a Strong Buy consensus implying 30.0% upside from current levels.
  • Goldman Sachs initiated coverage on Dynatrace with a Buy rating and $45.00 price target.
  • Berenberg Bank analyst Nay Soe Naing maintains a Buy rating on Cadence Design with a $400.00 price target.
  • Cadence Design has a Strong Buy consensus implying 13.3% upside from current levels.
Risk Factors
  • The article explicitly states it contains third-party press releases that have not been reviewed by The Globe and Mail.
Full Analysis
Analysts expressed bullish sentiment toward technology stocks Dynatrace (DT), Cadence Design (CDNS), and BYD Electronic (International) Co (BYDIF) as of April 30. Jefferies analyst Brent Thill maintained a Buy rating on Dynatrace with a $45.00 price target, while the stock holds a Strong Buy consensus implying 30.0% upside. Goldman Sachs initiated coverage on DT with a $45.00 target previously. Berenberg Bank's Nay Soe Naing issued a Buy on Cadence Design at $400.00, reflecting a 13.3% upside from its $325.31 closing price; the stock carries a Strong Buy consensus near $373.61. Additionally, DBS analyst Jim Hin Kwong Au rated BYD Electronic (International) Co as a Buy with a HK$34.30 target, noting shares closed at $3.54 near its 52-week low of $2.95.