Stock Track | Cadence Design Soars 5.02% Intraday on Bank of America's Buy Rating and Strategic Acquisition Outlook

Stock Track02-24 23:46

Cadence Design's stock surged 5.02% during Tuesday's intraday trading session, marking a significant upward movement for the semiconductor design software company.

The sharp rise appears to be driven by positive analyst sentiment, particularly from Bank of America Securities which reiterated its Buy rating on the stock with a $375 price target. Analyst Vivek Arya highlighted the company's strategic Hexagon acquisition and discounted valuation as key factors supporting the bullish outlook.

While Piper Sandler maintained a more conservative Hold rating with a $319 price target, the market responded more strongly to the optimistic assessment from Bank of America, which emphasized the strategic importance of Cadence's acquisition activities and attractive valuation metrics.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1101501685?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-24 23:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1101501685","market":"nz","top_or_hot":-1,"title":"Stock Track | Cadence Design Soars 5.02% Intraday on Bank of America's Buy Rating and Strategic Acquisition Outlook","media":"Stock Track","content":"<p>Cadence Design's stock surged 5.02% during Tuesday's intraday trading session, marking a significant upward movement for the semiconductor design software company.</p><p>The sharp rise appears to be driven by positive analyst sentiment, particularly from Bank of America Securities which reiterated its Buy rating on the stock with a $375 price target. Analyst Vivek Arya highlighted the company's strategic Hexagon acquisition and discounted valuation as key factors supporting the bullish outlook.</p><p>While Piper Sandler maintained a more conservative Hold rating with a $319 price target, the market responded more strongly to the optimistic assessment from Bank of America, which emphasized the strategic importance of Cadence's acquisition activities and attractive valuation metrics.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Cadence Design Soars 5.02% Intraday on Bank of America's Buy Rating and Strategic Acquisition Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Cadence Design Soars 5.02% Intraday on Bank of America's Buy Rating and Strategic Acquisition Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-02-24 23:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Cadence Design's stock surged 5.02% during Tuesday's intraday trading session, marking a significant upward movement for the semiconductor design software company.</p><p>The sharp rise appears to be driven by positive analyst sentiment, particularly from Bank of America Securities which reiterated its Buy rating on the stock with a $375 price target. Analyst Vivek Arya highlighted the company's strategic Hexagon acquisition and discounted valuation as key factors supporting the bullish outlook.</p><p>While Piper Sandler maintained a more conservative Hold rating with a $319 price target, the market responded more strongly to the optimistic assessment from Bank of America, which emphasized the strategic importance of Cadence's acquisition activities and attractive valuation metrics.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CDNS","symbol_name":"铿腾电子","start_time":0,"source_url":"","article_id":"1101501685","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1101501685","pubTimestamp":1771948001,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Cadence Design's stock surged 5.02% during Tuesday's intraday trading session, marking a significant upward movement for the semiconductor design software company.The sharp rise appears to be driven...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CDNS":"铿腾电子"},"translate_title":"个股追踪|Cadence Design盘中大涨5.02%美银买入评级及战略收购展望","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CDNS":1},"content_text":"Cadence Design's stock surged 5.02% during Tuesday's intraday trading session, marking a significant upward movement for the semiconductor design software company.The sharp rise appears to be driven by positive analyst sentiment, particularly from Bank of America Securities which reiterated its Buy rating on the stock with a $375 price target. Analyst Vivek Arya highlighted the company's strategic Hexagon acquisition and discounted valuation as key factors supporting the bullish outlook.While Piper Sandler maintained a more conservative Hold rating with a $319 price target, the market responded more strongly to the optimistic assessment from Bank of America, which emphasized the strategic importance of Cadence's acquisition activities and attractive valuation metrics.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1101501685","isCrawlerRequest":true}