Cadence Design Systems Reaches Analyst Target Price
May 24, 2017 at 09:12 AM EDT
In recent trading, shares of Cadence Design Systems Inc (CDNS) have crossed above the average analyst 12-month target price of $33.80, changing hands for $34.02/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..