Cadence Design Systems, Inc. (CDNS)
NASDAQ: CDNS · Real-Time Price · USD
325.34
-11.21 (-3.33%)
At close: Apr 28, 2026, 4:00 PM EDT
325.31
-0.02 (-0.01%)
After-hours: Apr 28, 2026, 4:01 PM EDT
Cadence Design Systems Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for Cadence Design Systems stock have an average target of 372.33, with a low estimate of 225 and a high estimate of 425. The average target predicts an increase of 14.45% from the current stock price of 325.34.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Cadence Design Systems stock from 15 stock analysts 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 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 7 | 7 | 7 |
| Buy | 5 | 5 | 5 | 6 | 6 | 6 |
| Hold | 2 | 2 | 2 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 15 | 15 | 15 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy Maintains $375 → $400 | Buy | Maintains | $375 → $400 | +22.95% | Apr 28, 2026 |
| Keybanc | Keybanc | Buy Maintains $405 → $425 | Buy | Maintains | $405 → $425 | +30.63% | Apr 28, 2026 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $360 → $375 | Strong Buy | Maintains | $360 → $375 | +15.27% | Apr 28, 2026 |
| Baird | Baird | Buy Maintains $381 → $385 | Buy | Maintains | $381 → $385 | +18.34% | Apr 28, 2026 |
| Needham | Needham | Strong Buy Reiterates $400 | Strong Buy | Reiterates | $400 | +22.95% | Apr 28, 2026 |
Financial Forecast
Revenue This Year
6.14B
from 5.30B
Increased by 16.00%
Revenue Next Year
6.91B
from 6.14B
Increased by 12.39%
EPS This Year
8.24
from 4.06
Increased by 102.95%
EPS Next Year
9.48
from 8.24
Increased by 14.99%
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 6.5B | 7.5B | |
| Avg | 6.1B | 6.9B | |
| Low | 5.8B | 6.4B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 22.5% | 22.4% | |
| Avg | 16.0% | 12.4% | |
| Low | 10.1% | 3.6% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 8.73 | 10.24 | |
| Avg | 8.24 | 9.48 | |
| Low | 7.66 | 8.41 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 114.9% | 24.2% | |
| Avg | 102.9% | 15.0% | |
| Low | 88.7% | 2.0% |
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.