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Ranked #2343 by analyst upside · 2026-11-12
CDNS
Cadence Design Systems, Inc.
Technology · Market Cap $90B · P/E 66.0x
ANALYST PRICE TARGET
+25.1%
implied upside to consensus target
Current Price $329.26
Consensus Target $411.76
Bull Target $470.0
Bear Target $300.0
Analysts Covering 24
ANALYST CONSENSUS - BUY
Strong Buy
4
Buy
18
Hold
2
Sell
0
52-Week Low $262.75
52-Week High $416.69
YTD Return +6.1%
FUNDAMENTALS
Market Cap $90B
P/E Ratio (TTM) 66.0x
Forward P/E 33.4x
EPS (TTM) $4.99
PEG Ratio 2.41
Dividend Yield N/A
Revenue (TTM) $6.1B
Profit Margin 22.5%
52-WEEK RANGE
52-Week Low $262.75
52-Week High $416.69
Current Price $329.26
Bear Target $300.0
Bull Target $470.0
● Now $329.26 ● Target $411.76
TRADING DATA
Avg Volume 2.4M
YTD Return +6.1%
Analyst Count 24
Consensus Buy
Upside to Target +25.1%
Last Updated 2026-11-12

ANALYST SUMMARY

Cadence Design Systems, Inc. (CDNS) is currently trading at $329.26 with a Wall Street consensus price target of $411.76, implying potential upside of 25.1% over the next 12 months. 24 analysts currently cover CDNS, with a consensus rating of Buy - 92% 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 6.1% 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 →

Rosenblatt - Reiterated
Buy → Buy 2026-10-27 Building track record
JP Morgan - Reiterated
Overweight → Overweight 2026-10-27 43% win rate (7 calls)
Baird - Reiterated
Outperform → Outperform 2026-10-27 Building track record
Needham - Reiterated
Buy → Buy 2026-10-27 20% win rate (5 calls)
Rosenblatt - Reiterated
Buy → Buy 2026-10-23 Building track record
B of A Securities - Reiterated
Buy → Buy 2026-07-28 Building track record
Rosenblatt - Reiterated
Buy → Buy 2026-07-28 Building track record
Citigroup - Reiterated
Buy → Buy 2026-07-28 Building track record
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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