UPDATE: D.A. Davidson Raises PT on Mentor Graphics on Continued Emulation Success


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


In a report published Thursday, D.A. Davidson analyst Thomas Diffely reiterated a Buy rating on

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Mentor Graphics Corporation (NASDAQ: MENT), and raised the price target from $25.00 to $26.00.In the report, D.A. Davidson noted, “Our checks indicate that MENT's emulation business continues to exceed expectations and is on track to not only drive strong sequential growth in 2H but should deliver an even stronger 2014. Recall that segment bookings during 1H were so strong that incoming orders in the first two quarters of this year were nearly equivalent to the total emulation business in all of last year. Importantly, MENT is gaining share, as 4 of the top 5 emulation bookings last quarter were from new customers. Overall, the ~$350 million emulation market remains in a secular growth trend and could continue to see above average growth over the next several years, providing a tailwind for MENT and Cadence (CDNS* - BUY - $13.50), who both hold dominant market share positions.”Mentor Graphics Corporation closed on Wednesday at $22.86.
Posted In: Analyst ColorPrice TargetAnalyst RatingsD.A. DavidsonThomas Diffely