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Cadence Design Sys

CDNSNASDAQ
Logo brought to you by Benzinga Data
$269.69
-5.1-1.86%
At Close: -
$270.09
0.40.15%
After Hours: 4:55 PM EDT
15 minutes delayed
Consensus Rating1
Buy
Highest Price Target1
$355.00
Lowest Price Target1
$175.00
Consensus Price Target1
$268.29

Cadence Design Sys (NASDAQ:CDNS) Stock, Analyst Ratings, Price Targets, Forecasts

Cadence Design Systems Inc has a consensus price target of $268.29 based on the ratings of 17 analysts. The high is $355 issued by Keybanc on June 27, 2024. The low is $175 issued by JP Morgan on February 23, 2022. The 3 most-recent analyst ratings were released by Rosenblatt, Piper Sandler, and Baird on August 6, 2024, August 6, 2024, and July 23, 2024, respectively. With an average price target of $312 between Rosenblatt, Piper Sandler, and Baird, there's an implied 15.52% upside for Cadence Design Systems Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
4
3
Apr
0
0
0
0
May
1
Jun
2
1
Jul
1
1
Aug
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
4.0
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Rosenblatt
Piper Sandler
Baird
Needham
Keybanc

1calculated from analyst ratings

Analyst Ratings for Cadence Design Sys

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Cadence Design Sys (CDNS) stock?

A

The latest price target for Cadence Design Sys (NASDAQ:CDNS) was reported by Rosenblatt on August 6, 2024. The analyst firm set a price target for $280.00 expecting CDNS to rise to within 12 months (a possible 3.67% upside). 32 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Cadence Design Sys (CDNS)?

A

The latest analyst rating for Cadence Design Sys (NASDAQ:CDNS) was provided by Rosenblatt, and Cadence Design Sys maintained their neutral rating.

Q

When was the last upgrade for Cadence Design Sys (CDNS)?

A

The last upgrade for Cadence Design Systems Inc happened on August 6, 2024 when Piper Sandler raised their price target to $318. Piper Sandler previously had a neutral for Cadence Design Systems Inc.

Q

When was the last downgrade for Cadence Design Sys (CDNS)?

A

The last downgrade for Cadence Design Systems Inc happened on February 13, 2024 when Rosenblatt changed their price target from $265 to $280 for Cadence Design Systems Inc.

Q

When is the next analyst rating going to be posted or updated for Cadence Design Sys (CDNS)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cadence Design Sys, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cadence Design Sys was filed on August 6, 2024 so you should expect the next rating to be made available sometime around August 6, 2025.

Q

Is the Analyst Rating Cadence Design Sys (CDNS) correct?

A

While ratings are subjective and will change, the latest Cadence Design Sys (CDNS) rating was a maintained with a price target of $280.00 to $280.00. The current price Cadence Design Sys (CDNS) is trading at is $270.09, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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