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CDNS
(NASDAQ)
Cadence Design Systems, Inc.
$278.72-- (--)
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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 11 professional research analysts

Consensus Rating

Buy
Based on 11 unique analysts
(13 total ratings in last 90 days)
High Confidence:1 Buy/Sell

Average Price Target

$367.40
31.82% 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)

Blair Abernethy
Rosenblatt
Strong BuyMaintains
$360.00 $360.00
Ruben Roy
Stifel Nicolaus
BuyMaintains
$395.00
Siti Panigrahi
Mizuho
BuyReiterates
$400.00
Clarke Jeffries
Piper Sandler
HoldMaintains
$355.00 $319.00
Jason Celino
KeyBanc
BuyMaintains
$405.00
Kelsey Chia
Citi
BuyReiterates
$385.00
Joe Quatrochi
Wells Fargo
BuyMaintains
$410.00 $375.00
Edward Yang
Oppenheimer
HoldMaintains
$275.00
Charles Shi
Needham
Strong BuyReiterates
$390.00 $390.00
Blair Abernethy
Rosenblatt
Strong BuyUpgrades
$335.00 $360.00
Lee Simpson
Morgan Stanley
BuyMaintains
$385.00 $370.00
Blair Abernethy
Rosenblatt
HoldMaintains
$335.00 $335.00
Ritujay Ghosh
Zacks Equity Research
BuyInitiates Coverage
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Frequently Asked Questions

What is the analyst consensus rating for CDNS?

The analyst consensus rating for CDNS is "Buy" based on 11 analyst recommendations.

What is the average price target for CDNS?

The average 12-month price target for CDNS is $367.40, representing an upside of 31.8% from the current price of $278.72.

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.