Based on 7 Wall Street analysts offering 12 month price targets for Cadence Design in the last 3 months. The average price target is $272.00 with a high forecast of $305.00 and a low forecast of $250.00. The average price target represents a 4.64% change from the last price of $259.93.

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Highest Price Target$305.00

Average Price Target$272.00

Lowest Price Target$250.00

The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts

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Wells Fargo

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Reiterated

11/29/23

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Morgan Stanley

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Initiated

11/10/23

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J.P. Morgan

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Reiterated

10/24/23

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Bank of America Securities

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Reiterated

10/23/23

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Robert W. Baird

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Reiterated

10/23/23

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Rosenblatt Securities

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Reiterated

10/19/23

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KeyBanc

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Reiterated

09/14/23

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Berenberg Bank

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Reiterated

07/26/23

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Deutsche Bank

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Reiterated

07/26/23

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Stifel Nicolaus

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Upgraded

07/19/23

Charles Shi

Needham

$235.00

Buy

-9.59%

Downside

Reiterated

04/25/23

Buy the Dip: Analysts Eye Cadences Pullback as Golden Opportunity After Q1 BeatNeedham analyst Dr. Charles Shi reiterates a Buy rating on Cadence with a price target of $235.

Gal Munda

Wolfe Research

$210.00

Buy

-19.21%

Downside

Reiterated

02/14/23

Cadence Designs (CDNS) PT Raised to $210 at Wolfe ResearchWolfe Research analyst Gal Munda raised the price target on Cadence Designs (NASDAQ: CDNS) to $210.00 (from $180.00) while maintaining a Outperform rating.

Peter Sazel

Redburn Atlantic

$200.00

Buy

-23.06%

Downside

Upgraded

01/17/23

Atlantic Equities Upgrades Cadence Design Sys to Overweight, Announces $200 Price Target

Unknown Analyst

Not Ranked

CFRA

$232.00

Buy

-10.75%

Downside

Downgraded

02/15/23

CFRA downgrades Cadence Designs (CDNS) to Buy

Best Analysts Covering Cadence Design

Which Analyst Should I Follow If I Want to Buy CDNS and Sell After:

1 Month

Joseph VruwinkRobert W. Baird

Success Rate

13/19 ratings generated profit

Average Return

+0.83%

reiterated a buy rating 2 months ago

Copying Joseph Vruwink's trades and holding each position for 1 Month would result in 68.42% of your transactions generating a profit, with an average return of +0.83% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

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3 Months

Vivek AryaBank of America Securities

Success Rate

11/13 ratings generated profit

Average Return

+6.68%

reiterated a buy rating 2 months ago

Copying Vivek Arya's trades and holding each position for 3 Months would result in 84.62% of your transactions generating a profit, with an average return of +6.68% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

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1 Year

Blair AbernethyRosenblatt Securities

Success Rate

8/9 ratings generated profit

Average Return

+26.33%

reiterated a buy rating 2 months ago

Copying Blair Abernethy's trades and holding each position for 1 Year would result in 88.89% of your transactions generating a profit, with an average return of +26.33% per trade.

2 Years

Blair AbernethyRosenblatt Securities

Success Rate

9/9 ratings generated profit

Average Return

+50.39%

reiterated a buy rating 2 months ago

Copying Blair Abernethy's trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +50.39% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

Premium Content

Find out which analyst has the highest Average Return & Success Rate

Go Premium

The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

Stocks with the Highest Top Analyst Consensus in the Technology Sector

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Find stocks in the Technology sector that are highly recommended by Top Performing Analysts.

CDNS Financial Forecast

CDNS Earnings Forecast

Next quarter’s earnings estimate for CDNS is $1.33 with a range of $1.33 to $1.35. The previous quarter’s EPS was $1.26. CDNS beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.28% of the time in the same period. In the last calendar year CDNS has Outperformed its overall industry.

CDNS Sales Forecast

Next quarter’s sales forecast for CDNS is $1.06B with a range of $1.06B to $1.07B. The previous quarter’s sales results were $1.02B. CDNS beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 65.58% of the time in the same period. In the last calendar year CDNS has Outperformed its overall industry.

CDNS Analyst Recommendation Trends

In the current month, CDNS has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The CDNS average analyst price target in the past 3 months is $272.00

CDNS Stock Forecast FAQ

What is CDNS’s average 12-month price target, according to analysts?

Based on analyst ratings, Cadence Design Systems’s 12-month average price target is $272.00.

What is CDNS’s upside potential, based on the analysts’ average price target?

Cadence Design Systems has 4.64% upside potential, based on the analysts’ average price target.

Can I see which stocks the top-ranking analysts are rating?

Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

How can I follow the stock ratings of top Wall Street analysts?

Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.

Is CDNS a Buy, Sell or Hold?

Cadence Design Systems has a conensus rating of Moderate Buy which is based on 5 buy ratings, 2 hold ratings and 0 sell ratings.

What is Cadence Design Systems’s price target?

The average price target for Cadence Design Systems is $272.00. This is based on 7 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $305.00 ,the lowest forecast is $250.00. The average price target represents 4.64% Increase from the current price of $259.93.

What do analysts say about Cadence Design Systems?

Cadence Design Systems’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 7 Wall Streets Analysts.

How can I buy shares of CDNS?

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Cadence Design (CDNS) Stock Forecast & Price Target

CDNS Analyst Ratings

CDNS Stock 12 Months Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Cadence Design

CDNS Financial Forecast

CDNS Earnings Forecast

CDNS Sales Forecast

CDNS Analyst Recommendation Trends

CDNS Stock Forecast FAQ

Get More with TipRanks Premium

Detailed List of Analyst Forecasts