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 | $163.31 | 5.65% |
| 2021-12-14 | 10 | $190 | $150 | $172.545 | $163.31 | 5.65% |
| 2021-12-21 | 10 | $205 | $150 | $173.909 | $163.31 | 6.49% |
| 2022-01-10 | 10 | $205 | $150 | $177.454 | $163.31 | 8.66% |
| 2022-02-22 | 10 | $205 | $150 | $180.625 | $163.31 | 10.6% |
| 2022-02-23 | 9 | $205 | $150 | $177.222 | $163.31 | 8.52% |
The Trend in the Analyst Price Target
CDNS's average price target has moved up $25.24 over the prior 42 weeks.
CDNS reports an average of 7% 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 |
|---|---|---|---|---|---|---|
| 2021-04-03 | 9 | 160 | 122.7 | 150.450 | 141.49 | 6.33% |
| 2021-04-25 | 9 | 165 | 122.7 | 150.130 | 142.08 | 5.67% |
| 2021-05-15 | 9 | 165 | 122.7 | 151.980 | 124.28 | 22.29% |
| 2021-08-28 | 18 | 175 | 122.7 | 158.510 | 162.47 | -2.44% |
| 2021-12-14 | 10 | 190 | 150.0 | 172.545 | 176.06 | -2% |
CDNS Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 1.78 | 6 | 0 | 2 | 0 | 0 | 9 |
The Trend in the Broker Recommendations
CDNS's average broker recommendation rating improved by 0.39 over the prior 26 weeks.
The points below can provide you with additional insight regarding what the price target and recommendations metrics in the table above mean for investors.
- CDNS has a higher average analyst price target than 776.49% of all US stocks.
- To contextualize these metrics, consider that out of Business Services stocks, Cadence Design Systems Inc's upside potential (average analyst target price relative to current price) is greater than 86.81% of them.
- In the context of Technology stocks, Cadence Design Systems Inc's variance in analysts' estimates is lower than -134.41% of them.
- To contextualize these metrics, consider that out of stocks in the large market cap category, Cadence Design Systems Inc's number of analysts covering the stock is higher than 292.49% of them.
In terms of price targets and recommendations offered by analysts, the stocks in the Business Services industry with the ratings most similar to Cadence Design Systems Inc are CDAY, BSY, and BKI.
What is the outlook for CDNS? Use POWR Ratings for clearer insight into price direction.