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Cadence Design Systems, Inc.

CDNSNASDAQTechnologySoftware - Application

$316.49Today:- (-)1Y −8.19%

As of Oct 23, 2026 close

Market cap
$87.40B
P/E (TTM)
63.43
Forward P/E
45.24
Dividend yield
-
52-week range
$262.75$416.69
Volume (live)
-
Avg. volume (3M)
2.38M

Cadence Design Systems, Inc. (CDNS) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for Cadence Design Systems, Inc. stock.

Analyst Consensus Rating

Investment consensus from 22 professional research analysts

Consensus Rating

Buy
Based on 22 unique analysts
(33 total ratings in last 90 days)
Very High Confidence∞:1 Buy/Sell

Average Price Target

$408.88
+29.19% upside

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Strong Sell
Sell
Hold
Buy
Strong Buy

Latest CDNS Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Zacks Equity Research
Zacks Equity Research
BuyInitiates Coverage
-
Vivek Arya
BofA Securities
BuyReiterates
$420.00
Joseph Quatrochi
Wells Fargo
BuyMaintains
$400.00 → $425.00
Lee Simpson
Morgan Stanley
BuyReiterates
$400.00
Zacks Equity Research
Zacks Equity Research
BuyInitiates Coverage
-
Subham Roy
Zacks Equity Research
BuyInitiates Coverage
-
Zacks Equity Research
Zacks Equity Research
BuyInitiates Coverage
-
Gianmarco Conti
Deutsche Bank
BuyMaintains
$400.00 → $420.00
Zacks Equity Research
Zacks Equity Research
BuyInitiates Coverage
-
Siti Panigrahi
Mizuho
BuyReiterates
-
Siti Panigrahi
Mizuho
BuyReiterates
-
Arijit Sarkar
Zacks Equity Research
BuyInitiates Coverage
-
Shebly Seyrafi
FBN
BuyInitiates
$375.00
Zacks Equity Research
Zacks Equity Research
HoldInitiates Coverage
-
Ruben Roy
Stifel Nicolaus
BuyMaintains
$432.00
Shivangi Deora
Zacks Equity Research
HoldInitiates Coverage
-
Vivek Arya
BofA Securities
BuyReiterates
$420.00
Vivek Arya
BofA Securities
BuyReiterates
$420.00
Nay Soe Naing
Berenberg Bank
BuyMaintains
$440.00
Harlan Sur
JP Morgan
BuyReiterates
$405.00
Kelsey Chia
Citi
BuyMaintains
$400.00 → $420.00
Lee Simpson
Morgan Stanley
BuyMaintains
$370.00 → $400.00
Gary Mobley
StoneX
BuyReiterates
$450.00
Nay Soe Naing
Berenberg Bank
BuyMaintains
$440.00
Gary Mobley
Benchmark Co.
BuyReiterates
$450.00
Clarke Jeffries
Piper Sandler
HoldInitiates Coverage
$325.00 → $349.00
Jason Celino
KeyBanc
BuyReiterates
$425.00
Harlan Sur
JP Morgan
BuyReiterates
$405.00
Joseph Quatrochi
Wells Fargo
BuyMaintains
$425.00
Joseph Vruwink
Baird
BuyMaintains
$415.00 → $420.00
Edward Yang
Oppenheimer
HoldMaintains
$275.00 → $300.00
Charles Shi
Needham
BuyReiterates
$400.00
Blair Abernethy
Rosenblatt
BuyMaintains
$410.00 → $420.00

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Oct 23, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for CDNS?

The analyst consensus rating for CDNS is Buy, based on the latest ratings from 22 analysts over the last 90 days.

What is the average price target for CDNS?

The average 12-month price target for CDNS is $408.88, representing an upside of 29.2% from the Oct 23, 2026 close of $316.49.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.