Cadence Design Systems Inc. (CDNS) Social Stream
CADENCE DESIGN SYSTEMS INC (CDNS) Price Targets From Analysts
The tables below show price targets and recommendations from analysts covering CADENCE DESIGN SYSTEMS INC.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-10-26 | 10 | $190 | $150 | $172.545 | $266.79 | -35.33% |
| 2021-12-14 | 10 | $190 | $150 | $172.545 | $266.79 | -35.33% |
| 2021-12-21 | 10 | $205 | $150 | $173.909 | $266.79 | -34.81% |
| 2022-01-10 | 10 | $205 | $150 | $177.454 | $266.79 | -33.49% |
| 2022-02-22 | 10 | $205 | $150 | $180.625 | $266.79 | -32.3% |
| 2022-04-13 | 9 | $205 | $150 | $177.222 | $266.79 | -33.57% |
| 2022-04-26 | 8 | $215 | $150 | $183.6 | $266.79 | -31.18% |
| 2022-06-01 | 8 | $215 | $150 | $182.818 | $266.79 | -31.47% |
| 2022-07-26 | 8 | $215 | $180 | $193.555 | $266.79 | -27.45% |
| 2022-08-14 | 8 | $215 | $180 | $193.3 | $266.79 | -27.55% |
| 2022-08-17 | 8 | $215 | $180 | $194.818 | $266.79 | -26.98% |
| 2022-09-20 | 9 | $215 | $180 | $195.25 | $266.79 | -26.82% |
| 2022-10-25 | 10 | $215 | $180 | $195.615 | $266.79 | -26.68% |
| 2022-10-26 | 10 | $215 | $175.001 | $194.846 | $266.79 | -26.97% |
| 2022-12-16 | 10 | $215 | $175.001 | $196.384 | $266.79 | -26.39% |
| 2023-01-11 | 9 | $215 | $175.001 | $195.666 | $266.79 | -26.66% |
| 2023-01-26 | 9 | $215 | $175.001 | $196 | $266.79 | -26.53% |
| 2023-02-14 | 11 | $225 | $175.001 | $199.846 | $266.79 | -25.09% |
| 2023-02-21 | 11 | $235 | $180 | $208.461 | $266.79 | -21.86% |
| 2023-02-28 | 12 | $235 | $180 | $210.833 | $266.79 | -20.97% |
| 2023-04-20 | 12 | $235 | $180 | $212.692 | $266.79 | -20.28% |
| 2023-04-25 | 12 | $240 | $200 | $219.666 | $266.79 | -17.66% |
| 2023-04-26 | 12 | $240 | $200 | $221.166 | $266.79 | -17.1% |
| 2023-06-06 | 12 | $240 | $200 | $222.23 | $266.79 | -16.7% |
| 2023-06-08 | 12 | $260 | $200 | $224.923 | $266.79 | -15.69% |
| 2023-07-10 | 12 | $260 | $200 | $226.461 | $266.79 | -15.12% |
| 2023-07-13 | 12 | $265 | $200 | $228.769 | $266.79 | -14.25% |
| 2023-07-18 | 12 | $280 | $200 | $230.307 | $266.79 | -13.67% |
| 2023-07-20 | 12 | $300 | $200 | $238.769 | $266.79 | -10.5% |
| 2023-07-24 | 12 | $300 | $200 | $242.615 | $266.79 | -9.06% |
| 2023-07-25 | 12 | $300 | $200 | $246.538 | $266.79 | -7.59% |
| 2023-08-16 | 12 | $300 | $200 | $252.538 | $266.79 | -5.34% |
| 2023-09-13 | 12 | $300 | $200 | $256.083 | $266.79 | -4.01% |
| 2023-10-10 | 12 | $300 | $200 | $257.75 | $266.79 | -3.39% |
| 2023-10-17 | 12 | $305 | $200 | $259.416 | $266.79 | -2.76% |
| 2023-10-23 | 12 | $307 | $200 | $263 | $266.79 | -1.42% |
| 2023-10-25 | 12 | $307 | $200 | $264.25 | $266.79 | -0.95% |
| 2023-12-15 | 12 | $307 | $200 | $268.25 | $266.79 | 0.55% |
| 2023-12-22 | 12 | $315 | $200 | $269.083 | $266.79 | 0.86% |
| 2023-12-29 | 12 | $315 | $235 | $275.363 | $266.79 | 3.21% |
The Trend in the Analyst Price Target
CDNS's average price target has moved up $186.67 over the prior 44 months.
Over the past 49 weeks, CDNS's average upside potential has been 5.19%.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-08-15 | 12 | 300 | 200 | 252.538 | 226.16 | 11.66% |
| 2023-08-16 | 12 | 300 | 200 | 252.538 | 223.24 | 13.12% |
| 2023-10-30 | 12 | 307 | 200 | 268.250 | 233.72 | 14.77% |
| 2023-12-06 | 12 | 307 | 200 | 268.250 | 257.68 | 4.1% |
| 2023-12-19 | 12 | 315 | 200 | 269.083 | 274.33 | -1.91% |
CDNS Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 1.25 | 10 | 1 | 1 | 0 | 0 | 12 |
The Trend in the Broker Recommendations
CDNS's average broker recommendation rating improved by 0.37 over the prior 18 months.
The bullet points below may help you gain a better understanding of what the metrics in the price target and recommendations tables above mean for CDNS as an investment opportunity.
- CDNS has a higher upside potential (average analyst target price relative to current price) than 502.44% of all US stocks.
- In the context of all US stocks, CADENCE DESIGN SYSTEMS INC's average analyst price target is greater than 4482.35% of them.
- In the context of Business Services stocks, CADENCE DESIGN SYSTEMS INC's variance in analysts' estimates is lower than -871.36% of them.
- CDNS has a greater number of analysts covering the stock than 1485.46% of stocks in the large market cap category.
In the Business Services industry, ADSK, EA, and TWLO are the three stocks most similar to CADENCE DESIGN SYSTEMS INC regarding the price target and analyst recommendation information presented here.
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