Cadence Design Systems - CDNS Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $311.33
  • Forecasted Upside: 2.57%
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 7 Buy Ratings
  • 0 Strong Buy Ratings
$303.53
▼ -2.04 (-0.67%)

This chart shows the closing price for CDNS by one month, three months, or twelve months.

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Analyst Price Target for CDNS

Analyst Price Target is $311.33
▲ +2.57% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Cadence Design Systems in the last 3 months. The average price target is $311.33, with a high forecast of $350.00 and a low forecast of $230.00. The average price target represents a 2.57% upside from the last price of $303.53.

This chart shows the closing price for CDNS for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 8 investment analysts is to moderate buy stock in Cadence Design Systems. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
9/2/2022
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/1/2022
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/1/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/30/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
8/28/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
11/26/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
1/25/2024
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
2/24/2024

Latest Recommendations

  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
2/14/2024Morgan StanleyUpgradeEqual Weight ➝ Overweight$260.00 ➝ $350.00Low
2/13/2024Robert W. BairdBoost TargetOutperform ➝ Outperform$289.00 ➝ $302.00Low
2/13/2024Stifel NicolausBoost TargetBuy ➝ Buy$300.00 ➝ $350.00Low
2/13/2024KeyCorpBoost TargetOverweight ➝ Overweight$325.00 ➝ $335.00Low
2/13/2024Needham & Company LLCBoost TargetBuy ➝ Buy$315.00 ➝ $320.00Low
2/13/2024Rosenblatt SecuritiesDowngradeBuy ➝ Neutral$265.00 ➝ $280.00Low
2/6/2024Wells Fargo & CompanyBoost TargetOverweight ➝ Overweight$310.00 ➝ $330.00Low
2/5/2024KeyCorpBoost TargetOverweight ➝ Overweight$290.00 ➝ $325.00Low
11/10/2023Morgan StanleyInitiated CoverageEqual Weight$260.00Low
10/24/2023Needham & Company LLCReiterated RatingBuy ➝ Buy$268.00Low
10/19/2023Rosenblatt SecuritiesBoost TargetBuy ➝ Buy$250.00 ➝ $265.00Low
10/10/2023Bank of AmericaBoost Target$285.00 ➝ $305.00Low
9/21/2023Rosenblatt SecuritiesReiterated RatingBuy ➝ Buy$250.00Low
9/14/2023KeyCorpBoost TargetOverweight ➝ Overweight$270.00 ➝ $290.00Low
8/25/2023Rosenblatt SecuritiesReiterated RatingBuy ➝ Buy$250.00Low
7/25/2023Needham & Company LLCReiterated RatingBuy ➝ Buy$235.00Low
7/25/2023Bank of AmericaBoost TargetBuy$280.00 ➝ $285.00Low
7/25/2023Robert W. BairdBoost Target$253.00 ➝ $257.00Low
7/25/2023KeyCorpBoost TargetOverweight$265.00 ➝ $270.00Low
7/21/2023Rosenblatt SecuritiesBoost TargetBuy ➝ Buy$215.00 ➝ $250.00Low
7/20/2023Stifel NicolausUpgradeHold ➝ Buy$210.00 ➝ $300.00Low
7/18/2023Wells Fargo & CompanyBoost TargetOverweight$250.00 ➝ $270.00Low
7/13/2023KeyCorpBoost Target$235.00 ➝ $265.00Low
4/26/2023Deutsche Bank AktiengesellschaftBoost Target$222.00 ➝ $230.00Low
4/25/2023Bank of AmericaBoost Target$225.00 ➝ $240.00Low
4/25/2023Robert W. BairdBoost Target$215.00 ➝ $223.00Low
4/25/2023KeyCorpBoost Target$225.00 ➝ $235.00Low
4/11/2023Wells Fargo & CompanyBoost TargetOverweight$215.00 ➝ $235.00Low
2/15/2023Deutsche Bank AktiengesellschaftBoost TargetBuy$200.00 ➝ $222.00Low
2/14/2023Wells Fargo & CompanyBoost TargetOverweight$205.00 ➝ $215.00Low
2/14/2023Needham & Company LLCBoost TargetBuy$200.00 ➝ $235.00N/A
2/14/2023Rosenblatt SecuritiesBoost TargetBuy$175.00 ➝ $200.00Low
2/14/2023Robert W. BairdBoost TargetOutperform$206.00 ➝ $215.00Low
2/14/2023Bank of AmericaBoost TargetBuy$205.00 ➝ $225.00Low
2/14/2023KeyCorpBoost TargetOverweight$215.00 ➝ $225.00Low
1/17/2023Atlantic SecuritiesUpgradeNeutral ➝ Overweight$200.00Low
12/16/2022Bank of AmericaUpgradeNeutral ➝ Buy$185.00 ➝ $205.00Low
12/14/2022Robert W. BairdBoost Target$206.00Low
10/26/2022Stifel NicolausReiterated RatingHold ➝ Hold$200.00Low
10/25/2022Robert W. BairdLower Target$204.00 ➝ $198.00Low
10/24/2022Rosenblatt SecuritiesLower TargetBuy$185.00 ➝ $175.00Low
9/28/2022Deutsche Bank AktiengesellschaftInitiated CoverageBuy$200.00Low
9/7/2022Stifel NicolausInitiated CoverageHold$200.00Low
8/16/2022Wolfe ResearchInitiated CoverageOutperform$210.00Low
7/26/2022Needham & Company LLCBoost TargetBuy$193.00 ➝ $200.00Low
7/26/2022Rosenblatt SecuritiesBoost TargetBuy$170.00 ➝ $185.00Low
6/29/2022Bank of AmericaUpgradeUnderperform ➝ Neutral$160.00 ➝ $175.00Low
4/26/2022Needham & Company LLCBoost TargetBuy$185.00 ➝ $193.00High
4/26/2022UBS GroupBoost TargetNeutral$170.00 ➝ $180.00High
4/26/2022KeyCorpBoost TargetOverweight$205.00 ➝ $215.00High
4/26/2022Robert W. BairdLower Target$211.00 ➝ $203.00High
2/23/2022JPMorgan Chase & Co.Lower TargetNeutral$185.00 ➝ $175.00High
2/23/2022Rosenblatt SecuritiesBoost TargetBuy$173.00 ➝ $180.00High
2/23/2022Berenberg BankUpgradeHold ➝ Buy$180.00High
1/10/2022Bank of AmericaBoost TargetUnderperform$160.00 ➝ $180.00High
1/10/2022KeyCorpBoost TargetOverweight$186.00 ➝ $205.00Low
12/21/2021Wells Fargo & CompanyBoost TargetOverweight$190.00 ➝ $205.00Medium
12/14/2021JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$185.00High
10/26/2021Needham & Company LLCBoost TargetBuy$183.00 ➝ $185.00High
10/26/2021Credit Suisse GroupBoost TargetNeutral$155.00 ➝ $175.00High
10/26/2021KeyCorpBoost TargetOverweight$166.00 ➝ $186.00High
10/26/2021Robert W. BairdBoost TargetOutperform$168.00 ➝ $190.00High
10/25/2021UBS GroupBoost TargetNeutral$155.00 ➝ $170.00Low
10/21/2021Wells Fargo & CompanyBoost TargetAverage ➝ Overweight$165.00 ➝ $175.00High
10/19/2021Needham & Company LLCInitiated CoverageBuy$183.00Medium
9/17/2021Rosenblatt SecuritiesInitiated CoverageBuy$173.00Low
7/27/2021KeyCorpBoost TargetOverweight$162.00 ➝ $166.00Medium
7/27/2021Robert W. BairdReiterated RatingOutperform$160.00 ➝ $144.97High
7/15/2021Westpark CapitalInitiated CoverageBuy$168.00Medium
7/14/2021Wells Fargo & CompanySet TargetBuy$137.72Medium
6/24/2021Rosenblatt SecuritiesInitiated CoverageBuy$156.00Low
4/29/2021Robert W. BairdReiterated RatingBuyLow
4/27/2021DA DavidsonBoost TargetBuy$155.00 ➝ $165.00Low
4/20/2021Wells Fargo & CompanyBoost TargetOverweight$160.00 ➝ $165.00Low
3/1/2021Credit Suisse GroupBoost TargetNeutral$135.00 ➝ $155.00Low
3/1/2021BenchmarkReiterated RatingBuy$150.00Low
2/23/2021DA DavidsonBoost TargetBuy$130.00 ➝ $155.00Low
2/23/2021Needham & Company LLCBoost TargetBuy$126.00 ➝ $145.00High
2/23/2021Royal Bank of CanadaBoost TargetOutperform$127.00 ➝ $160.00High
2/22/2021Credit Suisse GroupBoost TargetIn-Line ➝ Neutral$110.00 ➝ $135.00High
2/16/2021KeyCorpBoost TargetOverweight$155.00 ➝ $160.00Low
2/10/2021Wells Fargo & CompanyBoost TargetOverweight$145.00 ➝ $160.00Low
1/11/2021Bank of AmericaDowngradeBuy ➝ UnderperformMedium
12/9/2020JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$122.00 ➝ $145.00High
10/20/2020Wells Fargo & CompanyBoost TargetOverweight$120.00 ➝ $135.00Medium
10/20/2020DA DavidsonBoost TargetBuy$120.00 ➝ $130.00Medium
10/20/2020Royal Bank of CanadaBoost TargetOutperform$122.00 ➝ $127.00High
10/20/2020Needham & Company LLCBoost TargetBuy$115.00 ➝ $126.00Medium
10/20/2020Bank of AmericaReiterated RatingBuy$130.00High
10/14/2020UBS GroupBoost TargetNeutral$91.00 ➝ $125.00Medium
7/21/2020Bank of AmericaBoost TargetBuy$115.00 ➝ $128.00Low
7/21/2020Robert W. BairdBoost TargetOutperform$110.00 ➝ $117.00High
7/21/2020Wells Fargo & CompanyBoost TargetOverweight$110.00 ➝ $120.00High
7/21/2020Needham & Company LLCBoost TargetBuy$86.00 ➝ $115.00High
7/21/2020Royal Bank of CanadaBoost TargetOutperform$101.00 ➝ $120.00High
7/20/2020Wells Fargo & CompanyReiterated RatingBuyHigh
7/17/2020Credit Suisse GroupReiterated RatingHold$80.00Low
7/16/2020DA DavidsonBoost TargetBuy$90.00 ➝ $115.00Low
7/14/2020Wells Fargo & CompanyBoost TargetOverweight$100.00 ➝ $110.00Low
7/13/2020Wells Fargo & CompanyReiterated RatingBuyLow
6/15/2020Royal Bank of CanadaBoost TargetOutperform$85.00 ➝ $101.00High
5/28/2020Wells Fargo & CompanyBoost TargetOverweight$87.00 ➝ $100.00High
5/27/2020UBS GroupInitiated CoverageNeutral$91.00Low
4/24/2020CfraReiterated RatingBuy$89.00Low
4/22/2020Bank of AmericaUpgradeNeutral ➝ BuyHigh
4/21/2020Wells Fargo & CompanyBoost TargetOverweight$85.00 ➝ $87.00High
4/21/2020Robert W. BairdBoost TargetOutperform$72.00 ➝ $91.00High
4/21/2020Needham & Company LLCReiterated RatingBuy$86.00High
4/17/2020Credit Suisse GroupReiterated RatingHold$80.00Low
2/18/2020Robert W. BairdInitiated CoverageOutperform$93.00Medium
2/13/2020BenchmarkInitiated CoverageBuy$90.00Low
2/13/2020Bank of AmericaBoost TargetNeutral$80.00 ➝ $83.00Low
2/13/2020Credit Suisse GroupBoost TargetNeutral$75.00 ➝ $80.00High
2/13/2020Royal Bank of CanadaReiterated RatingOutperform$85.00High
2/13/2020Needham & Company LLCBoost TargetBuy$76.00 ➝ $86.00High
2/6/2020Wells Fargo & CompanyBoost TargetOverweight$80.00 ➝ $85.00Low
10/22/2019Credit Suisse GroupReiterated RatingNeutral ➝ Neutral$70.00 ➝ $75.00High
10/11/2019Wells Fargo & CompanyUpgradeMarket Perform ➝ Outperform$80.00Low
9/23/2019Bank of AmericaInitiated CoverageNeutral$73.00Low
9/11/2019JPMorgan Chase & Co.Lower TargetNeutral$78.00 ➝ $75.00Medium
7/23/2019DA DavidsonBoost TargetIn-Line ➝ Buy$80.00High
7/23/2019Needham & Company LLCBoost TargetIn-Line ➝ Buy$76.00High
7/23/2019Credit Suisse GroupBoost TargetNeutral$62.00 ➝ $70.00High
5/14/2019Wells Fargo & CompanyInitiated CoverageMarket Perform ➝ Market PerformMedium
4/24/2019Credit Suisse GroupBoost TargetNeutral$46.00 ➝ $62.00Low
4/23/2019Royal Bank of CanadaBoost TargetOutperform$73.00Medium
4/23/2019Needham & Company LLCBoost TargetBuy ➝ Positive$71.00Medium
4/23/2019DA DavidsonReiterated RatingBuyHigh
4/10/2019KeyCorpInitiated CoverageSector Weight ➝ Sector WeightLow
3/14/2019Needham & Company LLCBoost TargetBuy$60.00 ➝ $64.00Low
(Data available from 2/24/2019 forward)

News Sentiment Rating

0.74 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 33 very positive mentions
  • 28 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
7/29/2023
  • 19 very positive mentions
  • 14 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/28/2023
  • 24 very positive mentions
  • 18 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
9/27/2023
  • 43 very positive mentions
  • 20 positive mentions
  • 3 negative mentions
  • 2 very negative mentions
10/27/2023
  • 19 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
11/26/2023
  • 43 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
12/26/2023
  • 37 very positive mentions
  • 19 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
1/25/2024
  • 54 very positive mentions
  • 51 positive mentions
  • 3 negative mentions
  • 4 very negative mentions
2/24/2024

Current Sentiment

  • 54 very positive mentions
  • 51 positive mentions
  • 3 negative mentions
  • 4 very negative mentions

Recent Stories by Sentiment

Cadence Design Systems logo
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and Innovus implementation system, a physical implementation system. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP with memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.
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Today's Range

Now: $303.53
Low: $300.55
High: $308.26

50 Day Range

MA: $283.38
Low: $252.71
High: $311.94

52 Week Range

Now: $303.53
Low: $189.30
High: $315.70

Volume

1,167,826 shs

Average Volume

1,561,321 shs

Market Capitalization

$82.63 billion

P/E Ratio

79.46

Dividend Yield

N/A

Beta

1.07

Frequently Asked Questions

What sell-side analysts currently cover shares of Cadence Design Systems?

The following sell-side analysts have issued research reports on Cadence Design Systems in the last year: Bank of America Co., Deutsche Bank Aktiengesellschaft, KeyCorp, Morgan Stanley, Needham & Company LLC, Robert W. Baird, Rosenblatt Securities, Stifel Nicolaus, StockNews.com, and Wells Fargo & Company.
View the latest analyst ratings for CDNS.

What is the current price target for Cadence Design Systems?

9 Wall Street analysts have set twelve-month price targets for Cadence Design Systems in the last year. Their average twelve-month price target is $311.33, suggesting a possible upside of 2.6%. Stifel Nicolaus has the highest price target set, predicting CDNS will reach $350.00 in the next twelve months. Deutsche Bank Aktiengesellschaft has the lowest price target set, forecasting a price of $230.00 for Cadence Design Systems in the next year.
View the latest price targets for CDNS.

What is the current consensus analyst rating for Cadence Design Systems?

Cadence Design Systems currently has 1 hold rating and 7 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for CDNS.

What other companies compete with Cadence Design Systems?

Other companies that are similar to Cadence Design Systems include Synopsys, Autodesk, Palantir Technologies, Electronic Arts and ANSYS. Learn More about companies similar to Cadence Design Systems.

How do I contact Cadence Design Systems' investor relations team?

Cadence Design Systems' physical mailing address is 2655 SEELY AVENUE BLDG 5, SAN JOSE CA, 95134. The software maker's listed phone number is (408) 943-1234 and its investor relations email address is [email protected]. The official website for Cadence Design Systems is www.cadence.com. Learn More about contacing Cadence Design Systems investor relations.