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Cadence Design Systems, Inc.CDNSNASDAQ
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OverviewNewsFundamentalsEarningsAnalysts

Analyst Sentiment

Analysts lean bullish — 76% recommend buying.

Consensus Rating
Buy
21 analysts·High coverage
76%
Rating Distribution
Strong Buy
00%
Buy
1676%
Hold
419%
Sell
15%
Strong Sell
00%

Analyst ratings reflect Wall Street opinion, not guarantees. Historical accuracy varies by firm and sector.

Price Target Expectations

Analysts see moderate upside — consensus target 22% higher.

Bear Case
$275.00
-12%
Consensus
$381.00
+22%
Bull Case
$418.00
+33%
Price Range21 analysts
Low
Consensus
High
$275.00
$418.00
Current Target
Current Price
$313.17
Upside to Target
$67.83

Price targets are 12-month forecasts. Actual results depend on earnings, market conditions, and sector trends.

Earnings & Revenue Estimates

2026E$8.05(12 analysts)
P/E80x
Current: 80.0x
Actual
Estimate
Range (Low–High)
Stock Alarm Pro
Forward Growth Estimates (YoY)
FY2027
Rev+12.16%
EPS+14.68%
FY2028
Rev+9.72%
EPS+7.18%
FY2029
Rev+3.99%
EPS-2.92%

Earnings Surprises

Beat rate:100%(12/12 quarters)
Avg surprise:+5.1%
Beat
Miss
Inline
Estimate
Based on reported EPS vs consensus estimate.

Recent Analyst Actions

Dec 1, 2025Oppenheimer
Correction: Cadence Design upgraded to Perform at Oppenheimer
Target:$275.00
-11.3%from $309.87
Oct 28, 2025KeyBanc
KeyBanc on Cadence Designs (CDNS): 'Record Backlog Highlights Broad-Based Strength'
Target:$405.00
+18.8%from $341.00
Oct 28, 2025Robert W. Baird
Cadence Design price target raised to $418 from $390 at Baird
Target:$418.00
+22.7%from $340.68
Oct 28, 2025Wells Fargo
Cadence Design price target raised to $410 from $405 at Wells Fargo
Target:$410.00
+20.9%from $339.05
Oct 28, 2025Wolfe Research
Cadence Designs (CDNS) PT Lowered to $385 at Wolfe Research
Target:$385.00
+9.6%from $351.40
Oct 2, 2025BNP Paribas
Cadence Design initiated with an Outperform at BNP Paribas Exane
Target:$400.00
+13.6%from $351.97
Jul 30, 2025Berenberg Bank
Cadence Design price target raised to $400 from $330 at Berenberg
Target:$400.00
+7.8%from $371.03
Jul 29, 2025Piper Sandler
These Analysts Boost Their Forecasts On Cadence Design Systems Following Upbeat Q2 Earnings
Target:$355.00
-2.4%from $363.75
Apr 15, 2025Mizuho Securities
Cadence Design price target lowered to $300 from $350 at Mizuho
Target:$300.00
+15.6%from $259.47
Nov 11, 2024Loop Capital Markets
Loop Capital Starts Cadence Designs (CDNS) at Buy
Target:$360.00
+19.6%from $300.90
Oct 29, 2024Bank of America Securities
Cadence Design price target lowered to $310 from $330 at BofA
Target:$310.00
+10.6%from $280.18
Oct 29, 2024Needham
Cadence Design price target lowered to $315 from $320 at Needham
Target:$315.00
+24.6%from $252.77
Oct 29, 2024Robert W. Baird
Cadence Designs (CDNS) PT Raised to $340 at Baird
Target:$340.00
+22.2%from $278.19
Oct 29, 2024Stifel Nicolaus
Stifel Reiterates Buy Rating on Cadence Designs (CDNS)
Target:$350.00
+38.5%from $252.77
Oct 21, 2024Mizuho Securities
Mizuho Starts Cadence Designs (CDNS) at Outperform
Target:$325.00
+28.4%from $253.15
Sep 24, 2024Oppenheimer
Cadence Design initiated with an Underperform at Oppenheimer
Target:$225.00
-17.7%from $273.32
Jul 23, 2024Robert W. Baird
Cadence Design price target lowered to $338 from $341 at Baird
Target:$338.00
+17.7%from $287.08
Jul 2, 2024Robert W. Baird
Cadence Designs (CDNS) PT Raised to $341 at Baird
Target:$341.00
+9.7%from $310.92
Jun 27, 2024KeyBanc
Cadence Designs (CDNS) PT Raised to $355 at KeyBanc
Target:$355.00
+14.5%from $310.17
Jun 6, 2024KeyBanc
Cadence Designs (CDNS) PT Raised to $350 at KeyBanc
Target:$350.00
+17.7%from $297.31
Apr 23, 2024Piper Sandler
Cadence Designs (CDNS) PT Lowered to $318 at Piper Sandler
Target:$318.00
+11.6%from $285.02
Apr 18, 2024Robert W. Baird
Cadence Designs (CDNS) PT Raised to $322 at Baird
Target:$322.00
+9.6%from $293.71
Apr 15, 2024KeyBanc
Cadence Designs (CDNS) PT Raised to $340 at KeyBanc
Target:$340.00
+11.3%from $305.36
Apr 4, 2024Piper Sandler
Cadence Design initiated with a Neutral at Piper Sandler
Target:$334.00
+7.5%from $310.58
Feb 14, 2024Morgan Stanley
Morgan Stanley Upgrades Cadence Designs (CDNS) to Overweight, 'Strategy Vindicated'
Target:$350.00
+16.4%from $300.74

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