Cadence Design Systems, Inc. (CDNS)
NASDAQ: CDNS · Real-Time Price · USD
414.16
+39.23 (10.46%)
At close: Jun 1, 2026, 4:00 PM EDT
412.61
-1.55 (-0.37%)
After-hours: Jun 1, 2026, 6:15 PM EDT
Cadence Design Systems Stock Forecast
Stock Price Forecast
According to 26 analysts polled by S&P Global, Cadence Design Systems stock has a consensus rating of "Strong Buy" and an average price target of $382.4. The average 1-year stock price forecast is 7.67% lower than the current stock price, while the lowest is $275 (-33.60%) and the highest is $425 (+2.62%).
Price Target: $382.4 (-7.67%)
Analyst Consensus: Strong Buy
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 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 16 | 16 | 18 | 18 | 18 | 17 |
| Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Hold | 5 | 5 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 26 | 26 | 26 | 26 | 26 | 25 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy Reiterates $400 → $425 | Buy | Reiterates | $400 → $425 | +2.62% | May 26, 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 | -3.42% | Apr 29, 2026 |
| Berenberg Bank | Berenberg Bank | Buy Maintains $380 → $400 | Buy | Maintains | $380 → $400 | -3.42% | Apr 29, 2026 |
| Bank of America Securities | Bank of America Securities | Buy Reiterates $375 → $400 | Buy | Reiterates | $375 → $400 | -3.42% | Apr 28, 2026 |
Financial Forecast
Revenue This Year
6.20B
from 5.30B
Increased by 17.13%
Revenue Next Year
7.02B
from 6.20B
Increased by 13.11%
EPS This Year
4.49
from 4.06
Increased by 10.66%
EPS Next Year
5.78
from 4.49
Increased by 28.70%
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 6.3B | ||
| Avg | 6.2B | ||
| Low | 6.2B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 18.1% | ||
| Avg | 17.1% | ||
| Low | 16.6% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 4.67 | ||
| Avg | 4.49 | ||
| Low | 4.38 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 14.9% | ||
| Avg | 10.7% | ||
| Low | 7.9% |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Financial forecast data provided by S&P Global Market Intelligence. The data is sourced from Wall Street analysts. Data sources.