David Ristau
Growth at reasonable price, research analyst, newsletter provider, long/short equity

Cadence Design: System EDA And Asia-Pacific Should Lead To 25%+ Upside This Year

In the application software industry, one of the most exciting parts of the industry is electronic design automation (EDA). EDA is the category of software tools that help design electronic systems. One of the most compelling companies in this industry is Cadence Design Systems (NASDAQ:CDNS). CDNS is an interesting company with a lot of potential in the system design enablement business along with strong growth potential in Asia-Pacific.

In our analysis, we have come up with a $19 price target in our mid-case scenario with $22 in the best-case. With shares trading at sub-15, we believe there is strong upside potential in this name that is not being valued by the market. Even in the worst...

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