Cadence Design Systems Inc (CDNS) Shares Down 3.44% on Feb 23

Cadence Design Systems Inc (CDNS) shares declined 3.44% on February 23, reaching an intraday low of $285.72 before closing at $286.09. This places the stock 24% below its 52-week high, although it remains 29.12% above its 52-week low. Analysts forecast an average price target of $372.27, suggesting a 30.12% upside, and the company holds an “Outperform” brokerage recommendation.