Cadence Design Systems Delivers Beat-And-Raise Quarter Despite US Export Bans

1. CDNS reported a 20.2% revenue growth to $1.275 billion. 2. Goldman Sachs maintains a Buy rating with a $400 price target. 3. Piper Sandler downgraded to Neutral, raising price target to $355. 4. EBIT margins exceeded expectations, contributing to a positive earnings report. 5. Management raised 2025 revenue outlook by $50 million, indicating strong demand.