Cadence Design Sys
(NASDAQ:CDNS)
$326.50
4.42[1.37%]
At close: Jun 18
$326.50
0[0.00%]
After Hours: 5:02PM EDT
Consensus Rating1
Buy
Highest Price Target1
$350.00
Lowest Price Target1
$156.00
Consensus Price Target1
$260.33

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

Cadence Design Systems Inc has a consensus price target of $260.33, established from looking at the 74 latest analyst ratings. The last 3 analyst ratings were released from B of A Securities, Needham, and Needham on May 30, 2024, May 17, 2024, and April 23, 2024. With an average price target of $330 between B of A Securities, Needham, and Needham, there's an implied 1.07% upside for Cadence Design Systems Inc from these 3 analyst ratings.

Analyst Trends and Forecast
5
1
Feb
0
0
0
0
Mar
4
3
Apr
0
0
0
0
May
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.9
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

B of A Securities
Needham
Piper Sandler
Rosenblatt
Baird

1calculated from analyst ratings

Analyst Ratings for Cadence Design Sys

Buy NowGet Alert
05/30/2024Buy Now7.2%B of A Securities
Vivek Arya
$330 → $350MaintainsBuyGet Alert
05/17/2024Buy Now-1.99%Needham
Charles Shi
→ $320ReiteratesBuy → BuyGet Alert
04/23/2024Buy Now-1.99%Needham
Charles Shi
→ $320ReiteratesBuy → BuyGet Alert
04/23/2024Buy Now-2.6%Piper Sandler
Clarke Jeffries
$334 → $318MaintainsNeutralGet Alert
04/22/2024Buy Now-14.24%Rosenblatt
Blair Abernethy
$280 → $280MaintainsNeutralGet Alert
04/19/2024Buy Now-1.38%Baird
Joe Vruwink
$302 → $322MaintainsOutperformGet Alert
04/19/2024Buy Now-1.99%Needham
Charles Shi
→ $320ReiteratesBuy → BuyGet Alert
04/18/2024Buy Now-1.38%Baird
Joe Vruwink
$302 → $322MaintainsOutperformGet Alert
04/16/2024Buy Now7.2%Wells Fargo
Gary Mobley
$330 → $350MaintainsOverweightGet Alert
04/15/2024Buy Now4.13%Keybanc
Jason Celino
$335 → $340MaintainsOverweightGet Alert
04/04/2024Buy Now2.3%Piper Sandler
Clarke Jeffries
→ $334Initiates → NeutralGet Alert
03/06/2024Buy Now-1.99%Needham
Charles Shi
→ $320ReiteratesBuy → BuyGet Alert
02/14/2024Buy Now7.2%Morgan Stanley
Lee Simpson
$260 → $350UpgradeEqual-Weight → OverweightGet Alert
02/13/2024Buy Now-14.24%Rosenblatt
Blair Abernethy
DowngradeBuy → NeutralGet Alert
02/13/2024Buy Now-7.5%Baird
Joe Vruwink
$289 → $302MaintainsOutperformGet Alert
02/13/2024Buy Now7.2%Stifel
Ruben Roy
$300 → $350MaintainsBuyGet Alert
02/13/2024Buy Now-1.99%Needham
Charles Shi
$315 → $320MaintainsBuyGet Alert
02/13/2024Buy Now2.6%Keybanc
Jason Celino
$325 → $335MaintainsOverweightGet Alert
02/06/2024Buy Now1.07%Wells Fargo
Gary Mobley
$310 → $330MaintainsOverweightGet Alert
02/05/2024Buy Now-0.46%Keybanc
Jason Celino
$290 → $325MaintainsOverweightGet Alert
11/10/2023Buy Now-20.37%Morgan Stanley
Lee Simpson
→ $260Initiates → Equal-WeightGet Alert
10/24/2023Buy Now-18.84%Rosenblatt
Blair Abernethy
→ $265ReiteratesBuy → BuyGet Alert
10/24/2023Buy Now-17.92%Needham
Charles Shi
→ $268ReiteratesBuy → BuyGet Alert
10/19/2023Buy Now-18.84%Rosenblatt
Blair Abernethy
$250 → $265MaintainsBuyGet Alert
09/21/2023Buy Now-23.43%Rosenblatt
Blair Abernethy
→ $250ReiteratesBuy → BuyGet Alert
09/14/2023Buy Now-11.18%Keybanc
Jason Celino
$270 → $290MaintainsOverweightGet Alert
08/25/2023Buy Now-23.43%Rosenblatt
Blair Abernethy
→ $250ReiteratesBuy → BuyGet Alert
07/25/2023Buy Now-12.71%B of A Securities
Vivek Arya
$280 → $285MaintainsBuyGet Alert
07/25/2023Buy Now-28.02%Needham
Charles Shi
$235 → $235ReiteratesBuy → BuyGet Alert
07/25/2023Buy Now-23.43%Rosenblatt
Blair Abernethy
→ $250ReiteratesBuy → BuyGet Alert

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 B of A Securities on May 30, 2024. The analyst firm set a price target for $350.00 expecting CDNS to rise to within 12 months (a possible 7.20% upside). 35 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 B of A Securities, and Cadence Design Sys maintained 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 May 30, 2024 so you should expect the next rating to be made available sometime around May 30, 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 $330.00 to $350.00. The current price Cadence Design Sys (CDNS) is trading at is $326.50, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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