Cadence Design Systems, Inc.CDNSNASDAQ

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Overview News Fundamentals Key Metrics TTM Financials Earnings Growth Rating Analysts Institutional Peers Historical

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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