What are the potential price targets or support/resistance levels for CDNS post-Q2 2025 earnings?

**Following Cadence Design Systems' (CDNS) Q2 2025 earnings release on July 28, 2025, several factors suggest a bullish outlook for the stock.** 1. **Analyst Price Target**: The average analyst price target for Cadence Design Systems is $342, which is a 2.33% premium over the current trading price of $332.19. This suggests that analysts are optimistic about the stock's future performance, potentially driven by the company's strong earnings outlook and position in AI-driven design automation. 2. **Support and Resistance Levels**: The current support level for CDNS is $276.61, and the resistance level is $323.28. Given the expected positive earnings report, the stock may experience upward pressure, potentially testing or surpassing the resistance level following the earnings release. |code|Ticker|Name|Date|Support Level|Resistance Level|market_code| |---|---|---|---|---|---|---| |CDNS|CDNS.O|Cadence Design|20250724|276.6100|323.2800|185| Considering these factors, investors may find CDNS's price target and support/resistance levels useful in determining their investment strategy. However, it's important to monitor the company's performance post-earnings and any relevant market conditions that may impact the stock's trajectory.