Cadence Design Systems, Inc. (CDNS)
NASDAQ: CDNS · Real-Time Price · USD
309.65
-16.42 (-5.04%)
At close: Oct 22, 2026, 4:00 PM EDT
308.99
-0.66 (-0.21%)
Pre-market: Oct 23, 2026, 4:55 AM 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 $406.24. The average 1-year stock price forecast is 31.19% higher than the current stock price, while the lowest is $300 (-3.12%) and the highest is $470 (+51.78%).
Price Target: $406.24 (+31.19%)
Analyst Consensus: Strong Buy
Price Target
ChartAnalyst 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 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 17 | 16 | 17 | 17 | 18 | 18 |
| Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Hold | 3 | 3 | 3 | 3 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 25 | 24 | 25 | 25 | 25 | 25 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy Maintains $400 → $425 | Buy | Maintains | $400 → $425 | +37.25% | Oct 21, 2026 |
| Bank of America Securities | Bank of America Securities | Buy Reiterates $420 | Buy | Reiterates | $420 | +35.64% | Oct 21, 2026 |
| Morgan Stanley | Morgan Stanley | Buy Reiterates $400 | Buy | Reiterates | $400 | +29.18% | Oct 20, 2026 |
| Deutsche Bank | Deutsche Bank | Buy Maintains $400 → $420 | Buy | Maintains | $400 → $420 | +35.64% | Oct 7, 2026 |
| Mizuho Securities | Mizuho Securities | Buy Reiterates n/a | Buy | Reiterates | n/a | n/a | Sep 24, 2026 |
Financial Forecast
Revenue This Year
6.32B
from 5.30B
Increased by 19.34%
Revenue Next Year
7.18B
from 6.32B
Increased by 13.51%
EPS This Year
8.15
from 7.14
Increased by 14.11%
EPS Next Year
9.57
from 8.15
Increased by 17.43%
EPS and Forward PE are based on non-GAAP adjusted numbers.