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Lee Simpson Upgraded (CDNS) to Buy and Increased Target to $350 on, Feb 14th, 2024


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Lee Simpson of Morgan Stanley, Upgraded "Cadence Design Systems, Inc." (CDNS) to Buy and Increased Target from $260 to $350 on, Feb 14th, 2024.

Lee has made no other calls on CDNS in the last 4 months.



There are 6 other peers that have a rating on CDNS. Out of the 6 peers that are also analyzing CDNS, 1 agrees with Lee's Rating of Hold. Following is the relevant analyst calls for the last 4 months


  • Blair Abernethy of "Rosenblatt" Downgraded from Strong Buy to Hold and Increased Target to $280 on, Tuesday, February 13th, 2024


These are the ratings of the 5 analyists that currently disagree with Lee


  • Charles Shi of "Needham" Maintained at Strong Buy with Increased Target to $320 on, Tuesday, February 13th, 2024
  • Jason Celino of "Keybanc" Maintained at Buy with Increased Target to $335 on, Tuesday, February 13th, 2024
  • Joe Vruwink of "Baird" Maintained at Buy with Increased Target to $302 on, Tuesday, February 13th, 2024
  • Ruben Roy of "Stifel" Maintained at Strong Buy with Increased Target to $350 on, Tuesday, February 13th, 2024
  • Gary Mobley of "Wells Fargo" Maintained at Buy with Increased Target to $330 on, Tuesday, February 6th, 2024

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