Here are 4 reasons for a new all-time high!
The P/S ratio of 16.6 makes the stock interesting for short-term trading maneuvers
KeyBanc analysts now see the price target at 375 USD (Overweight)
Reading Time: 1 minute
Despite global macroeconomic uncertainties, the business of the leading provider of Electronic Design Automation (EDA) remains robust. The stock is trading at an all-time high, and Wells Fargo continues to see the company in a "strong position" to benefit from the AI revolution. The new Millennium M2000 supercomputer is set to enable previously unachievable simulations from chip to drug design. It supports multiphysical analyses, digital twins of data centers, and virtual wind tunnels for autonomous transport systems, drones, or robotics designs....
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
