Cadence Design Sys
(NASDAQ:CDNS)
$311.28
-0.06[-0.02%]
Last update: 11:19AM Get Real Time Here
Consensus Rating1
Buy
Highest Price Target1
$350.00
Lowest Price Target1
$156.00
Consensus Price Target1
$250.47

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

Cadence Design Systems Inc has a consensus price target of $250.47, established from looking at the 64 latest analyst ratings. The last 3 analyst ratings were released from Needham, Morgan Stanley, and Rosenblatt on March 6, 2024, February 14, 2024, and February 13, 2024. With an average price target of $316.67 between Needham, Morgan Stanley, and Rosenblatt, there's an implied 1.73% upside for Cadence Design Systems Inc from these 3 analyst ratings.

Analyst Rating Summary1

Analyst Ratings
Oct 23
3
Nov 23
1
Feb
7
1
Mar
1
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Needham
Morgan Stanley
Rosenblatt
Baird
Stifel

1calculated from analyst ratings published within the last 3 years

Analyst Ratings for Cadence Design Sys

date
ticker
Buy Now
Company
Current price
Upside/Downside
Analyst Firm
Analyst & % Accurate
Price Target Change
Rating Change
Previous / Current Rating
Get Alert
03/06/2024CDNSBuy Now
Cadence Design Sys
$311.282.8%Needham
Charles Shi
→ $320ReiteratesBuy → BuyGet Alert
02/14/2024CDNSBuy Now
Cadence Design Sys
$311.2812.44%Morgan Stanley
Lee Simpson
$260 → $350UpgradeEqual-Weight → OverweightGet Alert
02/13/2024CDNSBuy Now
Cadence Design Sys
$311.28-10.05%Rosenblatt
Blair Abernethy
DowngradeBuy → NeutralGet Alert
02/13/2024CDNSBuy Now
Cadence Design Sys
$311.28-2.98%Baird
Joe Vruwink
$289 → $302MaintainsOutperformGet Alert
02/13/2024CDNSBuy Now
Cadence Design Sys
$311.2812.44%Stifel
Ruben Roy
$300 → $350MaintainsBuyGet Alert
02/13/2024CDNSBuy Now
Cadence Design Sys
$311.282.8%Needham
Charles Shi
$315 → $320MaintainsBuyGet Alert
02/13/2024CDNSBuy Now
Cadence Design Sys
$311.287.62%Keybanc
Jason Celino
$325 → $335MaintainsOverweightGet Alert
02/06/2024CDNSBuy Now
Cadence Design Sys
$311.286.01%Wells Fargo
Gary Mobley
$310 → $330MaintainsOverweightGet Alert
02/05/2024CDNSBuy Now
Cadence Design Sys
$311.284.41%Keybanc
Jason Celino
$290 → $325MaintainsOverweightGet Alert
11/10/2023CDNSBuy Now
Cadence Design Sys
$311.28-16.47%Morgan Stanley
Lee Simpson
→ $260Initiates → Equal-WeightGet Alert
10/24/2023CDNSBuy Now
Cadence Design Sys
$311.28-14.87%Rosenblatt
Blair Abernethy
→ $265ReiteratesBuy → BuyGet Alert
10/24/2023CDNSBuy Now
Cadence Design Sys
$311.28-13.9%Needham
Charles Shi
→ $268ReiteratesBuy → BuyGet Alert
10/19/2023CDNSBuy Now
Cadence Design Sys
$311.28-14.87%Rosenblatt
Blair Abernethy
$250 → $265MaintainsBuyGet Alert
09/21/2023CDNSBuy Now
Cadence Design Sys
$311.28-19.69%Rosenblatt
Blair Abernethy
→ $250ReiteratesBuy → BuyGet Alert
09/14/2023CDNSBuy Now
Cadence Design Sys
$311.28-6.84%Keybanc
Jason Celino
$270 → $290MaintainsOverweightGet Alert
08/25/2023CDNSBuy Now
Cadence Design Sys
$311.28-19.69%Rosenblatt
Blair Abernethy
→ $250ReiteratesBuy → BuyGet Alert
07/25/2023CDNSBuy Now
Cadence Design Sys
$311.28-8.44%B of A Securities
Vivek Arya
$280 → $285MaintainsBuyGet Alert
07/25/2023CDNSBuy Now
Cadence Design Sys
$311.28-24.51%Needham
Charles Shi
$235 → $235ReiteratesBuy → BuyGet Alert
07/25/2023CDNSBuy Now
Cadence Design Sys
$311.28-19.69%Rosenblatt
Blair Abernethy
→ $250ReiteratesBuy → BuyGet Alert

FAQ

Q

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

A

The latest price target for Cadence Design Sys (NASDAQ: CDNS) was reported by Needham on March 6, 2024. The analyst firm set a price target for $320.00 expecting CDNS to rise to within 12 months (a possible 2.80% upside). 30 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 Needham, and Cadence Design Sys reiterated their buy rating.

Q

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

A

The last upgrade for Cadence Design Systems Inc happened on February 14, 2024 when Morgan Stanley raised their price target to $350. Morgan Stanley previously had an equal-weight 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 March 6, 2024 so you should expect the next rating to be made available sometime around March 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 reiterated with a price target of $0.00 to $320.00. The current price Cadence Design Sys (CDNS) is trading at is $311.28, which is within the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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