NASDAQ:CDNS - Cadence Design Systems Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $147.00
  • Forecasted Upside: 12.29 %
  • Number of Analysts: 11
  • Breakdown:
  • 1 Sell Ratings
  • 2 Hold Ratings
  • 8 Buy Ratings
  • 0 Strong Buy Ratings
$130.91
▲ +2.71 (2.11%)
1 month | 3 months | 12 months
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Analyst Price Target for CDNS

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$147.00
▲ +12.29% Upside Potential
This price target is based on 11 analysts offering 12 month price targets for Cadence Design Systems in the last 3 months. The average price target is $147.00, with a high forecast of $165.00 and a low forecast of $117.00. The average price target represents a 12.29% upside from the last price of $130.91.

Buy

The current consensus among 11 polled investment analysts is to buy stock in Cadence Design Systems. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 1 sell ratings
12/25/2019
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 1 sell ratings
3/24/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 1 sell ratings
6/22/2020
  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 1 sell ratings
9/20/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 1 sell ratings
12/19/2020
  • 0 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 1 sell ratings
3/19/2021
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 1 sell ratings
5/18/2021
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 1 sell ratings
6/17/2021

Latest Recommendations

  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/29/2021Robert W. BairdReiterated RatingBuyLow
i
4/27/2021DA DavidsonBoost Price TargetBuy$155.00 ➝ $165.00Low
i
4/20/2021Wells Fargo & CompanyBoost Price TargetOverweight$160.00 ➝ $165.00Low
i
3/1/2021Credit Suisse GroupBoost Price TargetNeutral$135.00 ➝ $155.00Low
i
3/1/2021BenchmarkReiterated RatingBuy$150.00Low
i
2/23/2021DA DavidsonBoost Price TargetBuy$130.00 ➝ $155.00Low
i
2/23/2021Needham & Company LLCBoost Price TargetBuy$126.00 ➝ $145.00High
i
2/23/2021Royal Bank of CanadaBoost Price TargetOutperform$127.00 ➝ $160.00High
i
2/22/2021Credit Suisse GroupBoost Price TargetIn-Line ➝ Neutral$110.00 ➝ $135.00High
i
2/16/2021KeyCorpBoost Price TargetOverweight$155.00 ➝ $160.00Low
i
2/10/2021Wells Fargo & CompanyBoost Price TargetOverweight$145.00 ➝ $160.00Low
i
1/11/2021Bank of AmericaDowngradeBuy ➝ UnderperformMedium
i
12/9/2020JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$122.00 ➝ $145.00High
i
10/20/2020Wells Fargo & CompanyBoost Price TargetOverweight$120.00 ➝ $135.00Medium
i
10/20/2020DA DavidsonBoost Price TargetBuy$120.00 ➝ $130.00Medium
i
10/20/2020Royal Bank of CanadaBoost Price TargetOutperform$122.00 ➝ $127.00High
i
10/20/2020Needham & Company LLCBoost Price TargetBuy$115.00 ➝ $126.00Medium
i
10/20/2020Bank of AmericaReiterated RatingBuy$130.00High
i
10/14/2020UBS GroupBoost Price TargetNeutral$91.00 ➝ $125.00Medium
i
7/21/2020Bank of AmericaBoost Price TargetBuy$115.00 ➝ $128.00Low
i
7/21/2020Robert W. BairdBoost Price TargetOutperform$110.00 ➝ $117.00High
i
Rating by Joseph Vruwink at Robert W. Baird
7/21/2020Wells Fargo & CompanyBoost Price TargetOverweight$110.00 ➝ $120.00High
i
7/21/2020Needham & Company LLCBoost Price TargetBuy$86.00 ➝ $115.00High
i
7/21/2020Royal Bank of CanadaBoost Price TargetOutperform$101.00 ➝ $120.00High
i
7/20/2020Wells Fargo & CompanyReiterated RatingBuyHigh
i
7/17/2020Credit Suisse GroupReiterated RatingHold$80.00Low
i
7/16/2020DA DavidsonBoost Price TargetBuy$90.00 ➝ $115.00Low
i
7/14/2020Wells Fargo & CompanyBoost Price TargetOverweight$100.00 ➝ $110.00Low
i
7/13/2020Wells Fargo & CompanyReiterated RatingBuyLow
i
6/15/2020Royal Bank of CanadaBoost Price TargetOutperform$85.00 ➝ $101.00High
i
5/28/2020Wells Fargo & CompanyBoost Price TargetOverweight$87.00 ➝ $100.00High
i
5/27/2020UBS GroupInitiated CoverageNeutral$91.00Low
i
4/24/2020CfraReiterated RatingBuy$89.00Low
i
4/22/2020Bank of AmericaUpgradeNeutral ➝ BuyHigh
i
4/21/2020Wells Fargo & CompanyBoost Price TargetOverweight$85.00 ➝ $87.00High
i
4/21/2020Robert W. BairdBoost Price TargetOutperform$72.00 ➝ $91.00High
i
Rating by Joseph Vruwink at Robert W. Baird
4/21/2020Needham & Company LLCReiterated RatingBuy$86.00High
i
4/17/2020Credit Suisse GroupReiterated RatingHold$80.00Low
i
2/18/2020Robert W. BairdInitiated CoverageOutperform$93.00Medium
i
2/13/2020BenchmarkInitiated CoverageBuy$90.00Low
i
Rating by Ruben Roy at Benchmark Co.
2/13/2020Bank of AmericaBoost Price TargetNeutral$80.00 ➝ $83.00Low
i
2/13/2020Credit Suisse GroupBoost Price TargetNeutral$75.00 ➝ $80.00High
i
2/13/2020Royal Bank of CanadaReiterated RatingOutperform$85.00High
i
2/13/2020Needham & Company LLCBoost Price TargetBuy$76.00 ➝ $86.00High
i
2/6/2020Wells Fargo & CompanyBoost Price TargetOverweight$80.00 ➝ $85.00Low
i
Rating by Gary Mobley at Wells Fargo & Company
10/22/2019Credit Suisse GroupReiterated RatingNeutral ➝ Neutral$70.00 ➝ $75.00High
i
10/11/2019Wells Fargo & CompanyUpgradeMarket Perform ➝ Outperform$80.00Low
i
9/23/2019Bank of AmericaInitiated CoverageNeutral$73.00Low
i
9/11/2019JPMorgan Chase & Co.Lower Price TargetNeutral$78.00 ➝ $75.00Medium
i
7/23/2019DA DavidsonBoost Price TargetIn-Line ➝ Buy$80.00High
i
Rating by T. Diffely at DA Davidson
7/23/2019Needham & Company LLCBoost Price TargetIn-Line ➝ Buy$76.00High
i
7/23/2019Credit Suisse GroupBoost Price TargetNeutral$62.00 ➝ $70.00High
i
5/14/2019Wells Fargo & CompanyInitiated CoverageMarket Perform ➝ Market PerformMedium
i
4/24/2019Credit Suisse GroupBoost Price TargetNeutral$46.00 ➝ $62.00Low
i
4/23/2019Royal Bank of CanadaBoost Price TargetOutperform$73.00Medium
i
4/23/2019Needham & Company LLCBoost Price TargetBuy ➝ Positive$71.00Medium
i
4/23/2019DA DavidsonReiterated RatingBuyHigh
i
Rating by T. Diffely at DA Davidson
4/10/2019KeyCorpInitiated CoverageSector Weight ➝ Sector WeightLow
i
3/14/2019Needham & Company LLCBoost Price TargetBuy$60.00 ➝ $64.00Low
i
2/20/2019Needham & Company LLCBoost Price TargetBuy$60.00High
i
2/20/2019DA DavidsonBoost Price TargetBuy$62.00High
i
11/20/2018Berenberg BankInitiated CoverageHold ➝ Hold$50.00Low
i
10/23/2018BenchmarkUpgradeHold ➝ Buy$51.00High
i
10/23/2018JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$49.00 ➝ $51.00High
i
7/24/2018Credit Suisse GroupBoost Price TargetNeutral ➝ Neutral$44.00 ➝ $46.00High
i
7/24/2018Griffin SecuritiesBoost Price TargetBuy$50.00 ➝ $52.00High
i
7/24/2018DA DavidsonBoost Price TargetBuy$52.00Medium
i
Rating by T. Diffely at DA Davidson
7/24/2018Needham & Company LLCBoost Price TargetBuy$47.00 ➝ $50.00Medium
i
7/24/2018JPMorgan Chase & Co.Boost Price TargetUnderweight ➝ Market Perform$42.00 ➝ $49.00High
i
4/24/2018JPMorgan Chase & Co.Boost Price TargetUnderweight ➝ Underweight$34.00 ➝ $42.00High
i
4/24/2018Needham & Company LLCUpgradeHold ➝ Buy$47.00High
i
4/5/2018DA DavidsonUpgradeNeutral ➝ BuyMedium
i
Rating by T. Diffely at DA Davidson
2/1/2018Credit Suisse GroupReiterated RatingIn-Line ➝ Neutral$37.00 ➝ $43.00High
i
11/26/2017KeyCorpReiterated RatingHoldLow
i
10/30/2017DA DavidsonBoost Price TargetNeutral$43.00N/A
i
10/29/2017Needham & Company LLCReiterated RatingHoldN/A
i
10/27/2017Royal Bank of CanadaReiterated RatingBuy$46.00N/A
i
10/11/2017Royal Bank of CanadaBoost Price TargetOutperform ➝ Outperform$39.00 ➝ $45.00N/A
i
8/31/2017Credit Suisse GroupReiterated RatingOutperformMedium
i
7/25/2017Bank of AmericaBoost Price TargetBuy$38.00 ➝ $41.00Medium
i
7/25/2017Royal Bank of CanadaBoost Price TargetOutperform ➝ Outperform$36.00 ➝ $39.00High
i
7/7/2017Royal Bank of CanadaReiterated RatingBuyLow
i
4/25/2017DA DavidsonDowngradeBuy ➝ NeutralLow
i
Rating by T. Diffely at DA Davidson
4/18/2017Royal Bank of CanadaReiterated RatingBuy$33.00High
i
2/9/2017Royal Bank of CanadaBoost Price TargetOutperform$30.00 ➝ $33.00N/A
i
2/9/2017Royal Bank of CanadaReiterated RatingOutperform$30.00 ➝ $33.00N/A
i
12/12/2016JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$25.00N/A
i
10/19/2016Credit Suisse GroupInitiated CoverageNeutral$25.00N/A
i
10/10/2016DA DavidsonUpgradeNeutral ➝ Buy$25.00 ➝ $30.00N/A
i
Rating by T. Diffely at DA Davidson
7/26/2016Royal Bank of CanadaReiterated RatingOutperform$29.00N/A
i
7/26/2016Bank of AmericaReiterated RatingBuy$30.00N/A
i
(Data available from 6/17/2016 forward)
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 products, including Genus logic synthesis and RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, including place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry. 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 consisting of pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to verify the correct interaction with dozens of design IP interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. Cadence Design Systems, Inc. was incorporated in 1988 and is headquartered in San Jose, California.
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Today's Range

Now: $130.91
$127.03
$131.49

50 Day Range

MA: $131.20
$121.14
$147.59

52 Week Range

Now: $130.91
$90.05
$149.08

Volume

1,346,144 shs

Average Volume

1,735,183 shs

Market Capitalization

$36.43 billion

P/E Ratio

55.94

Dividend Yield

N/A

Beta

1

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., Benchmark Co., Credit Suisse Group AG, DA Davidson, JPMorgan Chase & Co., KeyCorp, Needham & Company LLC, Robert W. Baird, Royal Bank of Canada, UBS Group AG, Wells Fargo & Company, and Zacks Investment Research.
View the latest analyst ratings for CDNS.

What is the current price target for Cadence Design Systems?

11 Wall Street analysts have set twelve-month price targets for Cadence Design Systems in the last year. Their average twelve-month price target is $147.00, suggesting a possible upside of 13.8%. Wells Fargo & Company has the highest price target set, predicting CDNS will reach $165.00 in the next twelve months. Robert W. Baird has the lowest price target set, forecasting a price of $117.00 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 sell rating, 2 hold ratings and 8 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CDNS will outperform the market and that investors should add to their positions of Cadence Design Systems.
View the latest ratings for CDNS.

What other companies compete with 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.