Analyst Price Target is $158.88
▼ -0.76% Downside Potential
This price target is based on 12 analysts offering 12 month price targets for Cadence Design Systems in the last 3 months. The average price target is $158.88, with a high forecast of $183.00 and a low forecast of $137.72. The average price target represents a -0.76% upside from the last price of $160.09.
Current Consensus is
The current consensus among 12 contributing investment analysts is to buy stock in Cadence Design Systems. This Buy consensus rating has held steady for over two years.
Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.