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Ranked #2175 by analyst upside · 2026-08-12
CDNS
Cadence Design Systems, Inc.
Technology · Market Cap $90B · P/E 64.9x
ANALYST PRICE TARGET
+23.2%
implied upside to consensus target
Current Price $327.53
Consensus Target $403.67
Bull Target $470.0
Bear Target $300.0
Analysts Covering 26
ANALYST CONSENSUS - BUY
Strong Buy
5
Buy
18
Hold
3
Sell
0
52-Week Low $262.75
52-Week High $416.69
YTD Return +5.5%
FUNDAMENTALS
Market Cap $90B
P/E Ratio (TTM) 64.9x
Forward P/E 34.3x
EPS (TTM) $5.05
PEG Ratio 3.01
Dividend Yield N/A
Revenue (TTM) $5.8B
Profit Margin 23.6%
52-WEEK RANGE
52-Week Low $262.75
52-Week High $416.69
Current Price $327.53
Bear Target $300.0
Bull Target $470.0
● Now $327.53 ● Target $403.67
TRADING DATA
Avg Volume 2.4M
YTD Return +5.5%
Analyst Count 26
Consensus Buy
Upside to Target +23.2%
Last Updated 2026-08-12

ANALYST SUMMARY

Cadence Design Systems, Inc. (CDNS) is currently trading at $327.53 with a Wall Street consensus price target of $403.67, implying potential upside of 23.2% over the next 12 months. 26 analysts currently cover CDNS, with a consensus rating of Buy - 88% of analysts rate the stock a Buy or Strong Buy. The most bullish analyst has a price target of $470.0, while the most cautious has a target of $300.0.

CDNS operates in the Technology sector with a market capitalisation of $90B. The stock is up 5.5% year-to-date and is currently trading near the lower end of its 52-week range of $262.75 – $416.69.

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RECENT ANALYST CALLS

Upgrade/downgrade history for CDNS, with each firm's 90-day track record across all stocks we track. See full firm rankings →

Stifel - Reiterated
Buy → Buy 2026-06-09 Building track record
Wells Fargo - Reiterated
Overweight → Overweight 2026-05-26 Building track record
Citigroup - Reiterated
Buy → Buy 2026-04-29 Building track record
Wells Fargo - Reiterated
Overweight → Overweight 2026-04-28 Building track record
Keybanc - Reiterated
Overweight → Overweight 2026-04-28 Building track record
Rosenblatt - Reiterated
Buy → Buy 2026-04-28 Building track record
Baird - Reiterated
Outperform → Outperform 2026-04-28 Building track record
Needham reit
Buy → Buy 2026-04-28 20% win rate (5 calls)
HISTORICAL SNAPSHOT

Point-in-time data from StockUpside's daily snapshots. Tracks price, analyst target, upside %, consensus, and analyst count.

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ANALYST CONVICTION SCORE
67
out of 100
Coverage depth
25/30
Consensus clarity
20/30
Vote unanimity
20/25
Rating stability
2/15

Measures analyst agreement, not fundamental quality. A high score means analysts broadly agree on this call - not that the stock will go up.

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