Cadence Design Systems, Inc. (CDNS)

Cadence Design Systems Stock Forecast

Stock Price Forecast

The 14 analysts that cover Cadence Design Systems stock have a consensus rating of "Strong Buy" and an average price target of $375, which forecasts a 4.74% increase in the stock price over the next year. The lowest target is $225 and the highest is $425.

Price Target: $375 (+4.74%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$225	$375	$390	$425
Change	-37.16%	+4.74%	+8.93%	+18.70%

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	7	7	7	7	7	6
Buy	5	5	6	6	6	6
Hold	2	2	1	1	1	1
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	15	15	15	15	15	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Kelsey Chia Citigroup	Citigroup	Strong Buy Maintains $385 → $400	Strong Buy	Maintains	$385 → $400	+11.72%	Apr 29, 2026
Joe Quatrochi Wells Fargo	Wells Fargo	Buy Maintains $375 → $400	Buy	Maintains	$375 → $400	+11.72%	Apr 28, 2026
Jason Celino Keybanc	Keybanc	Buy Maintains $405 → $425	Buy	Maintains	$405 → $425	+18.70%	Apr 28, 2026
Blair Abernethy Rosenblatt	Rosenblatt	Strong Buy Maintains $360 → $375	Strong Buy	Maintains	$360 → $375	+4.74%	Apr 28, 2026
Joe Vruwink Baird	Baird	Buy Maintains $381 → $385	Buy	Maintains	$381 → $385	+7.53%	Apr 28, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

6.29B

Increased by 18.73%

from 5.30B

Revenue Next Year

7.10B

Increased by 12.90%

from 6.29B

EPS This Year

8.15

Increased by 100.84%

from 4.06

EPS Next Year

9.56

Increased by 17.24%

from 8.15

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jan 1, 2022	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	2.99B	3.56B	4.09B	4.64B	5.30B	6.29B	7.10B
Revenue Growth	11.38%	19.19%	14.83%	13.48%	14.12%	18.73%	12.90%
EPS	2.50	3.09	3.82	3.85	4.06	8.15	9.56
EPS Growth	18.48%	23.60%	23.63%	0.78%	5.46%	100.84%	17.24%
Forward PE	-	-	-	-	-	43.91	37.45
No. Analysts	-	-	-	-	-	30	28

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028
High	6.6B	7.8B
Avg	6.3B	7.1B
Low	5.8B	6.5B

Revenue Growth

Revenue Growth	2026	2027	2028
High	24.0%	24.1%
Avg	18.7%	12.9%
Low	10.1%	4.1%

EPS Forecast

EPS	2026	2027	2028
High	8.73	10.41
Avg	8.15	9.56
Low	7.74	8.54

EPS Growth

EPS Growth	2026	2027	2028
High	114.9%	27.7%
Avg	100.8%	17.2%
Low	90.6%	4.7%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.