The latest price target for Cadence Design Sys (NASDAQ:CDNS) was reported by Baird on July 23, 2024. The analyst firm set a price target for $338.00 expecting CDNS to rise to within 12 months (a possible 30.61% upside). 32 analyst firms have reported ratings in the last year.

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

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.

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.

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 July 23, 2024 so you should expect the next rating to be made available sometime around July 23, 2025.

While ratings are subjective and will change, the latest Cadence Design Sys (CDNS) rating was a maintained with a price target of $341.00 to $338.00. The current price Cadence Design Sys (CDNS) is trading at is $258.79, which is out of the analyst’s predicted range.