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.
| 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.
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