Cadence Design Systems Inc. (CDNS) Social Stream



Cadence Design Systems Inc. (CDNS): $189.22

0.33 (+0.17%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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.

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 $182.38 -5.39%
2021-12-14 10 $190 $150 $172.545 $182.38 -5.39%
2021-12-21 10 $205 $150 $173.909 $182.38 -4.64%
2022-01-10 9 $205 $150 $178.333 $182.38 -2.22%
2022-02-22 10 $205 $150 $180.625 $182.38 -0.96%
2022-04-13 9 $205 $150 $177.222 $182.38 -2.83%
2022-04-26 8 $215 $150 $183.6 $182.38 0.67%
2022-06-01 7 $215 $156 $186.1 $182.38 2.04%
2022-07-26 8 $215 $180 $193.555 $182.38 6.13%
2022-08-14 8 $215 $180 $193.3 $182.38 5.99%
2022-08-17 8 $215 $180 $194.818 $182.38 6.82%
2022-09-20 9 $215 $180 $195.25 $182.38 7.06%
2022-10-25 10 $215 $180 $195.615 $182.38 7.26%
2022-10-26 10 $215 $175.001 $194.846 $182.38 6.84%
2022-12-16 10 $215 $175.001 $196.384 $182.38 7.68%
2023-01-11 9 $215 $175.001 $195.666 $182.38 7.28%
2023-01-17 9 $215 $175.001 $196 $182.38 7.47%

The Trend in the Analyst Price Target


Over the past 38 weeks, CDNS's average price target has gone up $13.18.

CDNS reports an average of 18.3% for its upside potential over the past 47 weeks.

Date Number of Analysts Highest Target Price Lowest Target Price Average Target Price Share Price Upside Potential
2022-02-23 9 205 150.000 177.222 140.88 25.8%
2022-06-01 7 215 150.000 182.818 153.22 19.32%
2022-10-25 10 215 180.000 195.615 151.32 29.27%
2022-10-26 10 215 175.001 194.846 149.05 30.73%
2022-12-16 10 215 175.001 195.666 163.20 19.89%

CDNS Broker Recommendations Summary

Average Broker Rating Strong Buy Buy Hold Sell Strong Sell Analysts Issuing Recs
1.56 6 1 2 0 0 9

The Trend in the Broker Recommendations


CDNS's average broker recommendation rating improved by 0.68 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.

  • CADENCE DESIGN SYSTEMS INC's average analyst price target is higher than 2108.64% of all US stocks.
  • In the context of all US stocks, CADENCE DESIGN SYSTEMS INC's upside potential (average analyst target price relative to current price) is greater than 392.91% of them.
  • CDNS has a lower variance in analysts' estimates than -260.1% of Technology stocks.
  • In the context of stocks in the large market cap category, CADENCE DESIGN SYSTEMS INC's number of analysts covering the stock is greater than 596.6% of them.

Stocks similar to CADENCE DESIGN SYSTEMS INC in the Business Services industry regarding analyst recommendations and price targets are ADSK, ATVI, and EA.

Is CDNS a Buy, Hold or Sell? See the POWR Ratings now!


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