Cadence Design Systems, Inc. (CDNS) Social Stream
Cadence Design Systems Inc (CDNS) Price Targets From Analysts
Use the tables below to see what analysts covering Cadence Design Systems Inc think about its future price and what recommendations they have for investors and traders.
| Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|
| 17 | $175 | $122.7 | $159.51 | $163.55 | -2.47% |
The Trend in the Analyst Price Target
Over the past 26 weeks, CDNS's average price target has gone up $9.25.
CDNS reports an average of 4.68% for its upside potential over the past 16 months.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-09-19 | 17 | 175 | 122.7 | 159.51 | 163.63 | -2.52% |
| 2021-09-18 | 17 | 175 | 122.7 | 159.51 | 163.63 | -2.52% |
| 2021-09-11 | 17 | 175 | 122.7 | 159.51 | 166.87 | -4.41% |
| 2021-09-04 | 17 | 175 | 122.7 | 159.51 | 165.71 | -3.74% |
| 2021-08-28 | 17 | 175 | 122.7 | 158.51 | 162.47 | -2.44% |
| 2021-08-14 | 17 | 175 | 122.7 | 158.51 | 152.67 | 3.83% |
| 2021-08-07 | 17 | 175 | 122.7 | 157.98 | 151.07 | 4.57% |
| 2021-08-05 | 17 | 175 | 122.7 | 157.98 | 151.76 | 4.1% |
| 2021-08-01 | 17 | 175 | 122.7 | 157.98 | 147.65 | 7% |
| 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 |
|---|---|---|---|---|---|---|
| 1.68 | 2 | 8 | 6 | 0 | 0 | 17 |
The Trend in the Broker Recommendations
Over the past 16 months, CDNS's average broker recommendation rating worsened by 0.28.
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.
- The average analyst price target of CDNS is greater than 91.22% of all US stocks.
- The number of analysts covering the stock of CDNS is greater than 89.35% of all US stocks.
- CDNS has a higher upside potential (average analyst target price relative to current price) than 16.57% of all US stocks.
- CDNS has a less variance in analysts' estimates than 61.52% 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 VRSK, AKAM and MIME.
Make investment decisions regarding CDNS using the data that counts. Try POWR Ratings for free.