Analysts have provided the following ratings for Cadence Design Systems CDNS within the last quarter:

According to 6 analyst offering 12-month price targets in the last 3 months, Cadence Design Systems has an average price target of $182.33 with a high of $190.00 and a low of $175.00.

Below is a summary of how these 6 analysts rated Cadence Design Systems over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This average price target has increased by 8.02% over the past month.

What Are Analyst Ratings?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.