Cadence Design Systems, Inc. (CDNS)
NASDAQ: CDNS · Real-Time Price · USD
384.17
-1.78 (-0.46%)
At close: Jul 10, 2026, 4:00 PM EDT
384.67
+0.50 (0.13%)
After-hours: Jul 10, 2026, 7:56 PM EDT
Cadence Design Systems Stock Forecast
Stock Price Forecast
According to 25 analysts polled by S&P Global, Cadence Design Systems stock has a consensus rating of "Strong Buy" and an average price target of $388.78. The average 1-year stock price forecast is 1.20% higher than the current stock price, while the lowest is $275 (-28.42%) and the highest is $450 (+17.14%).
Price Target: $388.78 (+1.20%)
Analyst Consensus: Strong Buy
* Price targets were last updated on Jun 9, 2026.
Analyst Ratings
The average analyst rating for Cadence Design Systems stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 16 | 18 | 18 | 18 | 17 | 16 |
| Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Hold | 5 | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 26 | 26 | 26 | 26 | 25 | 24 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel Nicolaus | Stifel Nicolaus | Buy Reiterates $395 → $432 | Buy | Reiterates | $395 → $432 | +12.45% | Jun 9, 2026 |
| Wells Fargo | Wells Fargo | Buy Maintains $440 → $425 | Buy | Maintains | $440 → $425 | +10.63% | Jun 1, 2026 |
| Berenberg Bank | Berenberg Bank | Buy Maintains $400 → $440 | Buy | Maintains | $400 → $440 | +14.53% | May 27, 2026 |
Unknown Analyst Mizuho Securities No rating | Mizuho Securities | Buy Reiterates n/a | Buy | Reiterates | n/a | n/a | May 20, 2026 |
| Citi | Citi | Buy Maintains $385 → $400 | Buy | Maintains | $385 → $400 | +4.12% | Apr 29, 2026 |
Financial Forecast
Revenue This Year
6.21B
from 5.30B
Increased by 17.19%
Revenue Next Year
7.03B
from 6.21B
Increased by 13.18%
EPS This Year
7.96
from 7.14
Increased by 11.47%
EPS Next Year
9.40
from 7.96
Increased by 18.10%
EPS and Forward PE are based on non-GAAP adjusted numbers.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 6.3B | ||
| Avg | 6.2B | ||
| Low | 6.2B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 18.2% | ||
| Avg | 17.2% | ||
| Low | 16.6% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 8.13 | ||
| Avg | 7.96 | ||
| Low | 7.90 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 13.9% | ||
| Avg | 11.5% | ||
| Low | 10.6% |