Cadence Design Systems, Inc. (CDNS)
NASDAQ: CDNS · Real-Time Price · USD
377.27
+9.04 (2.45%)
At close: Jun 26, 2026, 4:00 PM EDT
376.10
-1.17 (-0.31%)
After-hours: Jun 26, 2026, 7:59 PM EDT
Cadence Design Systems Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for Cadence Design Systems stock have an average target of 384.54, with a low estimate of 275 and a high estimate of 440. The average target predicts an increase of 1.93% from the current stock price of 377.27.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Cadence Design Systems stock from 24 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
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 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| 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 | +14.51% | Jun 9, 2026 |
| Wells Fargo | Wells Fargo | Buy Maintains $440 → $425 | Buy | Maintains | $440 → $425 | +12.65% | Jun 1, 2026 |
| Berenberg Bank | Berenberg Bank | Buy Maintains $400 → $440 | Buy | Maintains | $400 → $440 | +16.63% | 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 | +6.02% | 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%
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 6.3B | 7.4B | |
| Avg | 6.2B | 7.0B | |
| Low | 6.2B | 6.7B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 18.2% | 19.7% | |
| Avg | 17.2% | 13.2% | |
| Low | 16.6% | 8.7% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 8.13 | 9.91 | |
| Avg | 7.96 | 9.40 | |
| Low | 7.90 | 8.71 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 13.9% | 24.6% | |
| Avg | 11.5% | 18.1% | |
| Low | 10.6% | 9.4% |
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 disclaimer.