Cadence Design Systems Inc. (NASDAQ:CDNS) is considered one of the best stocks to buy sooner. Oppenheimer analyst Edward Yang upgraded the stock to Perform and raised the price target to $275 from $225. This change was due to Nvidia’s partnership with competitor Synopsys Inc. (NASDAQ:SNPS), which will enhance design and simulation for intelligent systems. While this benefits Synopsys, it also boosts the legacy Electronic Design Automation (EDA) and simulation sector. The analyst’s sentiment towards the sector improved, leading to an upward price target revision for Cadence Design Systems Inc. as a key player in the EDA market.

Read more at Yahoo Finance.: Cadence Design Systems (CDNS) Benefits from Renewed Optimism in Semiconductor Design Software