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Cadence Design Systems (CDNS)
NASDAQ:CDNS
Holding CDNS?
Track your performance easily
See the Price Targets and Ratings of:
CDNS Analyst Ratings
Moderate Buy
9 Buy
2 Hold
1 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
CDNS Stock 12 Month Forecast
Average Price Target
$309.82
▲(9.83% Upside)
| Highest Price Target$355.00 | Average Price Target$309.82 | Lowest Price Target$225.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Berenberg Bank
Reiterated
10/30/24
Morgan Stanley
Reiterated
10/30/24
Bank of America Securities
Reiterated
10/29/24
J.P. Morgan
Reiterated
10/29/24
Stifel Nicolaus
Reiterated
10/29/24
KeyBanc
Reiterated
10/29/24
Needham
Reiterated
10/29/24
Piper Sandler
Assigned
10/29/24
Oppenheimer
Reiterated
10/29/24
Robert W. Baird
Reiterated
10/28/24
Mizuho Securities
$325
Buy
15.21%
Upside
Initiated
10/21/24
Cadence Design initiated with an Outperform at MizuhoCadence Design initiated with an Outperform at Mizuho
Rosenblatt Securities
$280
Hold
-0.74%
Downside
Reiterated
10/07/24
Rosenblatt reiterates Neutral Rating on Cadence Designs (CDNS)Rosenblatt analyst Blair Abernethy reiterated a Neutral rating and $280.00 price target on Cadence Designs (NASDAQ: CDNS).
Deutsche Bank
$338
Buy
19.82%
Upside
Reiterated
07/23/24
Analysts Offer Insights on Technology Companies: Temenos (Other OTC: TMNSF) and Cadence Design (NASDAQ: CDNS)
Wells Fargo
$350
Buy
24.07%
Upside
Reiterated
06/03/24
Cadence Design (CDNS): New Buy Recommendation for This Technology Giant
Wolfe Research
$300→$320
Buy
13.44%
Upside
Reiterated
02/13/24
Cadence Designs (CDNS) PT Raised to $320 at Wolfe ResearchWolfe Research analyst Gal Munda raised the price target on Cadence Designs (NASDAQ: CDNS) to $320.00 (from $300.00) while maintaining a Outperform rating.
Best Analysts Covering Cadence Design
Which Analyst Should I Follow If I Want to Buy CDNS and Sell After:
1 Month
xxx
Success Rate
10/12 ratings generated profit
Average Return
+5.89%
reiterated a xxx
rating 5 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 83.33% of your transactions generating a profit, with an average return of +5.89% per trade.
3 Months
xxx
Success Rate
15/20 ratings generated profit
Average Return
+3.73%
reiterated a xxx
rating 5 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 75.00% of your transactions generating a profit, with an average return of +3.73% per trade.
1 Year
Success Rate
16/24 ratings generated profit
Average Return
+21.83%
reiterated a buy rating 6 days ago
Copying Joseph Vruwink's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +21.83% per trade.
2 Years
xxx
Success Rate
9/11 ratings generated profit
Average Return
+31.14%
reiterated a xxx
rating 5 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 81.82% of your transactions generating a profit, with an average return of +31.14% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
CDNS Analyst Recommendation Trends
Rating
Jun 24
Jul 24
Aug 24
Sep 24
Oct 24
Strong Buy
0
0
0
0
0
Buy
16
14
13
10
15
Hold
2
2
2
2
2
Sell
0
0
0
1
2
Strong Sell
0
0
0
0
0
total
18
16
15
13
19
Each month's total comprises the sum of three months' worth of ratings.
CDNS Financial Forecast
CDNS Stock Forecast FAQ
What is CDNS’s average 12-month price target, according to analysts?
Based on analyst ratings, Cadence Design Systems’s 12-month average price target is $309.82.
What is CDNS’s upside potential, based on the analysts’ average price target?
Cadence Design Systems has 9.83% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is CDNS a Buy, Sell or Hold?
Cadence Design Systems has a consensus rating of Moderate Buy which is based on 9 buy ratings, 2 hold ratings and 1 sell ratings.
What is Cadence Design Systems’s price target?
The average price target for Cadence Design Systems is $309.82. This is based on 12 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $355.00 ,the lowest forecast is $225.00. The average price target represents 9.83% Increase from the current price of $282.09.
The highest analyst price target is $355.00 ,the lowest forecast is $225.00. The average price target represents 9.83% Increase from the current price of $282.09.
What do analysts say about Cadence Design Systems?
Cadence Design Systems’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 12 Wall Streets Analysts.
How can I buy shares of CDNS?
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