From Yahoo Finance: 2025-04-24 18:40:00

Chip-making equipment specialist Cadence Design Systems saw a 6% surge in its stock price after a recommendation upgrade from JPMorgan Chase, pushing it to a new overweight rating with a price target of $325 per share. The upgrade was due to recent share price weakness, positioning the company as a bargain with a low P/E ratio and a strong business model. Despite trade dispute uncertainties, Cadence is poised to benefit from high demand for hardware supporting AI functionalities. While not on the Motley Fool’s top 10 list, Cadence could still be a solid investment opportunity.



Read more at Yahoo Finance: Why Cadence Design Systems Stock Crushed It on Thursday