Cadence Design Systems: Still Find It Hard To Justify The Premium Valuation Multiple

Group 1 - The analyst recommended a hold rating for Cadence Design Systems, Inc. (NASDAQ: CDNS) in late 2023 due to high stock valuation [1] - The ideal investment is characterized by core business performance in a sector expected to grow structurally (organically) at a rate exceeding GDP growth over the next 5-10 years [1] - Profits should stem from sustainable competitive advantages that lead to attractive unit economics [1] Group 2 - The investment should be managed by competent, ethical, and long-term thinkers [1] - A fair valuation is essential for the investment to be considered ideal [1]