$284.00
-1.90[-0.66%]
At close: Apr 19
$284.00
0[0.00%]
PreMarket: 5:35AM EDT
Cadence Design Sys
(NASDAQ:CDNS)Cadence Design Sys Stock (NASDAQ:CDNS), Analyst Ratings, Price Targets, Predictions
Cadence Design Systems Inc has a consensus price target of $257.61, established from looking at the 68 latest analyst ratings. The last 3 analyst ratings were released from Baird, Wells Fargo, and Keybanc on April 18, 2024, April 16, 2024, and April 15, 2024. With an average price target of $337.33 between Baird, Wells Fargo, and Keybanc, there's an implied 18.78% upside for Cadence Design Systems Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Baird
Wells Fargo
Keybanc
Piper Sandler
Needham
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/18/2024 | CDNS | Buy Now | Cadence Design Sys | $284.00 | 13.38% | Baird | Joe Vruwink | $302 → $322 | Maintains | Outperform | Get Alert |
| 04/16/2024 | CDNS | Buy Now | Cadence Design Sys | $284.00 | 23.24% | Wells Fargo | Gary Mobley | $330 → $350 | Maintains | Overweight | Get Alert |
| 04/15/2024 | CDNS | Buy Now | Cadence Design Sys | $284.00 | 19.72% | Keybanc | Jason Celino | $335 → $340 | Maintains | Overweight | Get Alert |
| 04/04/2024 | CDNS | Buy Now | Cadence Design Sys | $284.00 | 17.61% | Piper Sandler | Clarke Jeffries | → $334 | Initiates | → Neutral | Get Alert |
| 03/06/2024 | CDNS | Buy Now | Cadence Design Sys | $284.00 | 12.68% | Needham | Charles Shi | → $320 | Reiterates | Buy → Buy | Get Alert |
| 02/14/2024 | CDNS | Buy Now | Cadence Design Sys | $284.00 | 23.24% | Morgan Stanley | Lee Simpson | $260 → $350 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 02/13/2024 | CDNS | Buy Now | Cadence Design Sys | $284.00 | -1.41% | Rosenblatt | Blair Abernethy | — | Downgrade | Buy → Neutral | Get Alert |
| 02/13/2024 | CDNS | Buy Now | Cadence Design Sys | $284.00 | 6.34% | Baird | Joe Vruwink | $289 → $302 | Maintains | Outperform | Get Alert |
| 02/13/2024 | CDNS | Buy Now | Cadence Design Sys | $284.00 | 23.24% | Stifel | Ruben Roy | $300 → $350 | Maintains | Buy | Get Alert |
| 02/13/2024 | CDNS | Buy Now | Cadence Design Sys | $284.00 | 12.68% | Needham | Charles Shi | $315 → $320 | Maintains | Buy | Get Alert |
| 02/13/2024 | CDNS | Buy Now | Cadence Design Sys | $284.00 | 17.96% | Keybanc | Jason Celino | $325 → $335 | Maintains | Overweight | Get Alert |
| 02/06/2024 | CDNS | Buy Now | Cadence Design Sys | $284.00 | 16.2% | Wells Fargo | Gary Mobley | $310 → $330 | Maintains | Overweight | Get Alert |
| 02/05/2024 | CDNS | Buy Now | Cadence Design Sys | $284.00 | 14.44% | Keybanc | Jason Celino | $290 → $325 | Maintains | Overweight | Get Alert |
| 11/10/2023 | CDNS | Buy Now | Cadence Design Sys | $284.00 | -8.45% | Morgan Stanley | Lee Simpson | → $260 | Initiates | → Equal-Weight | Get Alert |
| 10/24/2023 | CDNS | Buy Now | Cadence Design Sys | $284.00 | -6.69% | Rosenblatt | Blair Abernethy | → $265 | Reiterates | Buy → Buy | Get Alert |
| 10/24/2023 | CDNS | Buy Now | Cadence Design Sys | $284.00 | -5.63% | Needham | Charles Shi | → $268 | Reiterates | Buy → Buy | Get Alert |
| 10/19/2023 | CDNS | Buy Now | Cadence Design Sys | $284.00 | -6.69% | Rosenblatt | Blair Abernethy | $250 → $265 | Maintains | Buy | Get Alert |
| 09/21/2023 | CDNS | Buy Now | Cadence Design Sys | $284.00 | -11.97% | Rosenblatt | Blair Abernethy | → $250 | Reiterates | Buy → Buy | Get Alert |
| 09/14/2023 | CDNS | Buy Now | Cadence Design Sys | $284.00 | 2.11% | Keybanc | Jason Celino | $270 → $290 | Maintains | Overweight | Get Alert |
FAQ
What is the target price for Cadence Design Sys (CDNS)?
The latest price target for Cadence Design Sys (NASDAQ: CDNS) was reported by Baird on April 18, 2024. The analyst firm set a price target for $322.00 expecting CDNS to rise to within 12 months (a possible 13.38% upside). 33 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Cadence Design Sys (CDNS)?
The latest analyst rating for Cadence Design Sys (NASDAQ: CDNS) was provided by Baird, and Cadence Design Sys maintained their outperform rating.
When was the last upgrade for Cadence Design Sys (CDNS)?
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.
When was the last downgrade for Cadence Design Sys (CDNS)?
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.
When is the next analyst rating going to be posted or updated for Cadence Design Sys (CDNS)?
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 April 18, 2024 so you should expect the next rating to be made available sometime around April 18, 2025.
Is the Analyst Rating Cadence Design Sys (CDNS) correct?
While ratings are subjective and will change, the latest Cadence Design Sys (CDNS) rating was a maintained with a price target of $302.00 to $322.00. The current price Cadence Design Sys (CDNS) is trading at is $284.00, which is out of the analyst’s predicted range.
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