Cadence Design Systems Inc (CDNS) Price Targets From Analysts
The tables below show price targets and recommendations from analysts covering Cadence Design Systems Inc.
| Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|
| 16 | $168 | $122.7 | $153.23 | $145.8 | 5.1% |
The Trend in the Analyst Price Target
Over the past 31 weeks, CDNS's average price target has gone up $29.02.
CDNS reports an average of 5.88% for its upside potential over the past 14 months.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-07-24 | 16 | 168 | 122.7 | 153.23 | 145.67 | 5.19% |
| 2021-07-17 | 16 | 168 | 122.7 | 153.23 | 137.67 | 11.3% |
| 2021-07-10 | 15 | 165 | 122.7 | 152.25 | 138.50 | 9.93% |
| 2021-07-03 | 15 | 165 | 122.7 | 152.25 | 137.94 | 10.37% |
| 2021-06-26 | 15 | 165 | 122.7 | 152.25 | 134.76 | 12.98% |
| 2021-06-13 | 14 | 165 | 122.7 | 151.98 | 129.28 | 17.56% |
| 2021-06-05 | 14 | 165 | 122.7 | 151.98 | 126.75 | 19.91% |
| 2021-05-22 | 14 | 165 | 122.7 | 151.98 | 123.46 | 23.1% |
| 2021-05-15 | 14 | 165 | 122.7 | 151.98 | 124.28 | 22.29% |
| 2021-05-08 | 14 | 165 | 122.7 | 151.98 | 129.05 | 17.77% |
| 2021-04-25 | 14 | 165 | 122.7 | 150.13 | 142.08 | 5.67% |
| 2021-04-17 | 14 | 160 | 122.7 | 149.77 | 147.26 | 1.7% |
| 2021-04-10 | 15 | 160 | 122.7 | 150.45 | 145.35 | 3.51% |
| 2021-04-03 | 15 | 160 | 122.7 | 150.45 | 141.49 | 6.33% |
| 2021-03-20 | 14 | 160 | 122.7 | 150.26 | 125.48 | 19.75% |
| 2021-03-13 | 14 | 160 | 122.7 | 150.26 | 125.74 | 19.5% |
| 2021-03-06 | 14 | 160 | 122.7 | 150.26 | 126.69 | 18.6% |
| 2021-02-27 | 14 | 160 | 96.9 | 148.42 | 141.09 | 5.2% |
| 2021-02-20 | 15 | 160 | 96.9 | 132.33 | 139.66 | -5.25% |
| 2021-02-13 | 15 | 160 | 96.9 | 128.33 | 145.68 | -11.91% |
| 2021-02-06 | 15 | 155 | 96.9 | 127.33 | 135.80 | -6.24% |
| 2021-01-30 | 15 | 155 | 96.9 | 127.33 | 130.39 | -2.35% |
| 2021-01-23 | 15 | 155 | 96.9 | 127.33 | 137.42 | -7.34% |
| 2021-01-16 | 15 | 155 | 96.9 | 126.26 | 134.64 | -6.22% |
| 2021-01-09 | 15 | 155 | 96.9 | 126.26 | 136.19 | -7.29% |
| 2021-01-02 | 14 | 145 | 96.9 | 124.21 | 136.43 | -8.96% |
| 2020-12-26 | 14 | 145 | 96.9 | 124.21 | 134.00 | -7.31% |
| 2020-12-19 | 14 | 145 | 96.9 | 124.21 | 132.02 | -5.92% |
| 2020-12-09 | 14 | 135 | 96.9 | 121.85 | 115.49 | 5.51% |
| 2020-12-07 | 14 | 135 | 96.9 | 121.85 | 119.02 | 2.38% |
| 2020-10-20 | 13 | 135 | 106.0 | 123.77 | 112.61 | 9.91% |
| 2020-10-04 | 13 | 128 | 91.0 | 114.31 | 105.32 | 8.54% |
| 2020-07-21 | 13 | 128 | 91.0 | 114.31 | NA | NA% |
| 2020-07-15 | 13 | 115 | 80.0 | 98.46 | NA | NA% |
| 2020-07-09 | 13 | 115 | 80.0 | 94.46 | NA | NA% |
| 2020-06-12 | 13 | 107 | 80.0 | 92.38 | NA | NA% |
| 2020-06-10 | 13 | 107 | 80.0 | 91.15 | NA | NA% |
| 2020-06-01 | 13 | 107 | 63.0 | 88.69 | NA | NA% |
CDNS Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 1.58 | 4 | 8 | 5 | 0 | 0 | 18 |
The Trend in the Broker Recommendations
CDNS's average broker recommendation rating improved by 0.03 over the prior 30 days.
Use the points listed below to better contextualize what this analyst price target and recommendations data data means for investors.
- CDNS has a higher average analyst price target than 90.83% of all US stocks.
- Cadence Design Systems Inc's number of analysts covering the stock is greater than 87.51% of all US stocks.
- Cadence Design Systems Inc's upside potential (average analyst target price relative to current price) is greater than 28.37% of all US stocks.
- The variance in analysts' estimates of CDNS is less than 67.99% of stocks in the large market cap category.
Stocks similar to Cadence Design Systems Inc in the Business Services industry regarding analyst recommendations and price targets are DDOG, AKAM and ADS.
Is CDNS a Buy, Hold or Sell? See the POWR Ratings now!