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

  • Consensus Rating: Buy
  • Consensus Price Target: $158.88
  • Forecasted Upside: -0.76 %
  • Number of Analysts: 12
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 10 Buy Ratings
  • 0 Strong Buy Ratings
$160.09
▲ +1.26 (0.79%)

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 $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.

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 Buy

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.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 1 sell ratings
4/28/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 1 sell ratings
7/27/2020
  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 1 sell ratings
10/25/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 1 sell ratings
1/23/2021
  • 0 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 1 sell ratings
4/23/2021
  • 0 strong buy ratings
  • 10 buy ratings
  • 2 hold ratings
  • 1 sell ratings
7/22/2021
  • 0 strong buy ratings
  • 10 buy ratings
  • 2 hold ratings
  • 1 sell ratings
9/20/2021
  • 0 strong buy ratings
  • 10 buy ratings
  • 1 hold ratings
  • 1 sell ratings
10/20/2021

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
10/19/2021Needham & Company LLCInitiated CoverageBuy$183.00Medium
9/17/2021Rosenblatt SecuritiesInitiated CoverageBuy$173.00Low
7/27/2021KeyCorpBoost Price 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 Price TargetBuy$137.72Medium
6/24/2021Rosenblatt SecuritiesInitiated CoverageBuy$156.00Low
4/29/2021Robert W. BairdReiterated RatingBuyLow
4/27/2021DA DavidsonBoost Price TargetBuy$155.00 ➝ $165.00Low
4/20/2021Wells Fargo & CompanyBoost Price TargetOverweight$160.00 ➝ $165.00Low
3/1/2021Credit Suisse GroupBoost Price TargetNeutral$135.00 ➝ $155.00Low
3/1/2021BenchmarkReiterated RatingBuy$150.00Low
2/23/2021DA DavidsonBoost Price TargetBuy$130.00 ➝ $155.00Low
2/23/2021Needham & Company LLCBoost Price TargetBuy$126.00 ➝ $145.00High
2/23/2021Royal Bank of CanadaBoost Price TargetOutperform$127.00 ➝ $160.00High
2/22/2021Credit Suisse GroupBoost Price TargetIn-Line ➝ Neutral$110.00 ➝ $135.00High
2/16/2021KeyCorpBoost Price TargetOverweight$155.00 ➝ $160.00Low
2/10/2021Wells Fargo & CompanyBoost Price 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 Price TargetOverweight$120.00 ➝ $135.00Medium
10/20/2020DA DavidsonBoost Price TargetBuy$120.00 ➝ $130.00Medium
10/20/2020Royal Bank of CanadaBoost Price TargetOutperform$122.00 ➝ $127.00High
10/20/2020Needham & Company LLCBoost Price TargetBuy$115.00 ➝ $126.00Medium
10/20/2020Bank of AmericaReiterated RatingBuy$130.00High
10/14/2020UBS GroupBoost Price TargetNeutral$91.00 ➝ $125.00Medium
7/21/2020Bank of AmericaBoost Price TargetBuy$115.00 ➝ $128.00Low
7/21/2020Robert W. BairdBoost Price TargetOutperform$110.00 ➝ $117.00High
7/21/2020Wells Fargo & CompanyBoost Price TargetOverweight$110.00 ➝ $120.00High
7/21/2020Needham & Company LLCBoost Price TargetBuy$86.00 ➝ $115.00High
7/21/2020Royal Bank of CanadaBoost Price TargetOutperform$101.00 ➝ $120.00High
7/20/2020Wells Fargo & CompanyReiterated RatingBuyHigh
7/17/2020Credit Suisse GroupReiterated RatingHold$80.00Low
7/16/2020DA DavidsonBoost Price TargetBuy$90.00 ➝ $115.00Low
7/14/2020Wells Fargo & CompanyBoost Price TargetOverweight$100.00 ➝ $110.00Low
7/13/2020Wells Fargo & CompanyReiterated RatingBuyLow
6/15/2020Royal Bank of CanadaBoost Price TargetOutperform$85.00 ➝ $101.00High
5/28/2020Wells Fargo & CompanyBoost Price 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 Price TargetOverweight$85.00 ➝ $87.00High
4/21/2020Robert W. BairdBoost Price 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 Price TargetNeutral$80.00 ➝ $83.00Low
2/13/2020Credit Suisse GroupBoost Price TargetNeutral$75.00 ➝ $80.00High
2/13/2020Royal Bank of CanadaReiterated RatingOutperform$85.00High
2/13/2020Needham & Company LLCBoost Price TargetBuy$76.00 ➝ $86.00High
2/6/2020Wells Fargo & CompanyBoost Price 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 Price TargetNeutral$78.00 ➝ $75.00Medium
7/23/2019DA DavidsonBoost Price TargetIn-Line ➝ Buy$80.00High
7/23/2019Needham & Company LLCBoost Price TargetIn-Line ➝ Buy$76.00High
7/23/2019Credit Suisse GroupBoost Price TargetNeutral$62.00 ➝ $70.00High
5/14/2019Wells Fargo & CompanyInitiated CoverageMarket Perform ➝ Market PerformMedium
4/24/2019Credit Suisse GroupBoost Price TargetNeutral$46.00 ➝ $62.00Low
4/23/2019Royal Bank of CanadaBoost Price TargetOutperform$73.00Medium
4/23/2019Needham & Company LLCBoost Price TargetBuy ➝ Positive$71.00Medium
4/23/2019DA DavidsonReiterated RatingBuyHigh
4/10/2019KeyCorpInitiated CoverageSector Weight ➝ Sector WeightLow
3/14/2019Needham & Company LLCBoost Price TargetBuy$60.00 ➝ $64.00Low
2/20/2019Needham & Company LLCBoost Price TargetBuy$60.00High
2/20/2019DA DavidsonBoost Price TargetBuy$62.00High
11/20/2018Berenberg BankInitiated CoverageHold ➝ Hold$50.00Low
10/23/2018BenchmarkUpgradeHold ➝ Buy$51.00High
10/23/2018JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$49.00 ➝ $51.00High
7/24/2018Credit Suisse GroupBoost Price TargetNeutral ➝ Neutral$44.00 ➝ $46.00High
7/24/2018Griffin SecuritiesBoost Price TargetBuy$50.00 ➝ $52.00High
7/24/2018DA DavidsonBoost Price TargetBuy$52.00Medium
7/24/2018Needham & Company LLCBoost Price TargetBuy$47.00 ➝ $50.00Medium
7/24/2018JPMorgan Chase & Co.Boost Price TargetUnderweight ➝ Market Perform$42.00 ➝ $49.00High
4/24/2018JPMorgan Chase & Co.Boost Price TargetUnderweight ➝ Underweight$34.00 ➝ $42.00High
4/24/2018Needham & Company LLCUpgradeHold ➝ Buy$47.00High
4/5/2018DA DavidsonUpgradeNeutral ➝ BuyMedium
2/1/2018Credit Suisse GroupReiterated RatingIn-Line ➝ Neutral$37.00 ➝ $43.00High
11/26/2017KeyCorpReiterated RatingHoldLow
10/30/2017DA DavidsonBoost Price TargetNeutral$43.00N/A
10/29/2017Needham & Company LLCReiterated RatingHoldN/A
10/27/2017Royal Bank of CanadaReiterated RatingBuy$46.00N/A
10/11/2017Royal Bank of CanadaBoost Price TargetOutperform ➝ Outperform$39.00 ➝ $45.00N/A
8/31/2017Credit Suisse GroupReiterated RatingOutperformMedium
7/25/2017Bank of AmericaBoost Price TargetBuy$38.00 ➝ $41.00Medium
7/25/2017Royal Bank of CanadaBoost Price TargetOutperform ➝ Outperform$36.00 ➝ $39.00High
7/7/2017Royal Bank of CanadaReiterated RatingBuyLow
4/25/2017DA DavidsonDowngradeBuy ➝ NeutralLow
4/18/2017Royal Bank of CanadaReiterated RatingBuy$33.00High
2/9/2017Royal Bank of CanadaBoost Price TargetOutperform$30.00 ➝ $33.00N/A
2/9/2017Royal Bank of CanadaReiterated RatingOutperform$30.00 ➝ $33.00N/A
12/12/2016JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$25.00N/A
(Data available from 10/20/2016 forward)

News Sentiment Rating

0.63 (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
  • 0 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/24/2021
  • 0 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/23/2021
  • 0 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/23/2021
  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/22/2021
  • 2 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/22/2021
  • 7 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/21/2021
  • 4 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/20/2021
  • 6 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/20/2021

Current Sentiment

  • 6 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Cadence Design Systems logo
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.
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Today's Range

Now: $160.09
Low: $159.85
High: $161.71

50 Day Range

MA: $157.87
Low: $148.02
High: $167.61

52 Week Range

Now: $160.09
Low: $105.93
High: $168.61

Volume

1,238,244 shs

Average Volume

1,467,907 shs

Market Capitalization

$44.31 billion

P/E Ratio

65.88

Dividend Yield

N/A

Beta

1.03

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, Rosenblatt Securities, Royal Bank of Canada, Wells Fargo & Company, Westpark Capital, 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 $158.88, suggesting a possible downside of 0.8%. Needham & Company LLC has the highest price target set, predicting CDNS will reach $183.00 in the next twelve months. Wells Fargo & Company has the lowest price target set, forecasting a price of $137.72 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, 1 hold rating and 10 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.