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Cadence Design Systems Analyst Ratings and Price Targets | NASDAQ:CDNS | Benzinga
Cadence Design Systems Inc has a consensus price target of $298.4 based on the ratings of 20 analysts. The high is $355 issued by Keybanc on June 27, 2024. The low is $180 issued by UBS on April 26, 2022. The 3 most-recent analyst ratings were released by Oppenheimer, Baird, and Loop Capital on March 19, 2025, February 20, 2025, and February 19, 2025, respectively. With an average price target of $291.67 between Oppenheimer, Baird, and Loop Capital, there's an implied 8.97% upside for Cadence Design Systems Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Oppenheimer
Baird
Loop Capital
B of A Securities
Rosenblatt
1calculated from analyst ratings
Analyst Ratings for Cadence Design Systems
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 03/19/2025 | Buy Now | -25.28% | Oppenheimer | Edward Yang26% | $225 → $200 | Maintains | Underperform | Get Alert |
| 02/20/2025 | Buy Now | 25.15% | Baird | Joe Vruwink68% | $340 → $335 | Maintains | Outperform | Get Alert |
| 02/19/2025 | Buy Now | 27.02% | Loop Capital | Gary Mobley70% | $360 → $340 | Maintains | Buy | Get Alert |
| 02/19/2025 | Buy Now | 30.76% | B of A Securities | Vivek Arya79% | $365 → $350 | Maintains | Buy | Get Alert |
| 02/19/2025 | Buy Now | 10.21% | Rosenblatt | Blair Abernethy67% | $280 → $295 | Maintains | Neutral | Get Alert |
| 02/19/2025 | Buy Now | 21.42% | Needham | Charles Shi53% | $325 → $325 | Reiterates | Buy → Buy | Get Alert |
| 02/19/2025 | Buy Now | 22.54% | Piper Sandler | Clarke Jeffries56% | $318 → $328 | Maintains | Overweight | Get Alert |
| 01/13/2025 | Buy Now | 30.76% | Redburn Atlantic | Lachlan Brown15% | → $350 | Initiates | → Buy | Get Alert |
| 12/13/2024 | Buy Now | 30.76% | Mizuho | Siti Panigrahi54% | $325 → $350 | Maintains | Outperform | Get Alert |
| 11/22/2024 | Buy Now | 30.76% | Wells Fargo | Joe Quatrochi36% | → $350 | Initiates | → Overweight | Get Alert |
| 11/11/2024 | Buy Now | 34.49% | Loop Capital | Gary Mobley70% | → $360 | Initiates | → Buy | Get Alert |
| 10/29/2024 | Buy Now | 4.61% | Rosenblatt | Blair Abernethy67% | $280 → $280 | Maintains | Neutral | Get Alert |
| 10/29/2024 | Buy Now | 27.02% | Baird | Joe Vruwink68% | $332 → $340 | Maintains | Outperform | Get Alert |
| 10/29/2024 | Buy Now | 17.68% | Needham | Charles Shi53% | $320 → $315 | Maintains | Buy | Get Alert |
| 10/22/2024 | Buy Now | 21.42% | Mizuho | Siti Panigrahi54% | → $325 | Initiates | → Outperform | Get Alert |
| 10/15/2024 | Buy Now | 19.55% | Berenberg | Nay Soe Naing67% | → $320 | Initiates | → Buy | Get Alert |
| 10/07/2024 | Buy Now | 4.61% | Rosenblatt | Blair Abernethy67% | $280 → $280 | Maintains | Neutral | Get Alert |
| 09/25/2024 | Buy Now | -15.94% | Oppenheimer | Edward Yang26% | → $225 | Initiates | → Underperform | Get Alert |
| 08/06/2024 | Buy Now | 4.61% | Rosenblatt | Blair Abernethy67% | $280 → $280 | Maintains | Neutral | Get Alert |
| 08/06/2024 | Buy Now | 18.8% | Piper Sandler | Clarke Jeffries56% | $318 → $318 | Upgrade | Neutral → Overweight | Get Alert |
| 07/23/2024 | Buy Now | 26.27% | Baird | Joe Vruwink68% | $341 → $338 | Maintains | Outperform | Get Alert |
| 07/23/2024 | Buy Now | 19.55% | Needham | Charles Shi53% | $320 → $320 | Reiterates | Buy → Buy | Get Alert |
| 07/10/2024 | Buy Now | 18.8% | Piper Sandler | Clarke Jeffries56% | $318 → $318 | Maintains | Neutral | Get Alert |
| 07/02/2024 | Buy Now | 27.4% | Baird | Joe Vruwink68% | $322 → $341 | Maintains | Outperform | Get Alert |
| 06/27/2024 | Buy Now | 32.63% | Keybanc | Jason Celino60% | $350 → $355 | Maintains | Overweight | Get Alert |
| 05/30/2024 | Buy Now | 30.76% | B of A Securities | Vivek Arya79% | $330 → $350 | Maintains | Buy | Get Alert |
| 05/17/2024 | Buy Now | 19.55% | Needham | Charles Shi53% | $320 → $320 | Reiterates | Buy → Buy | Get Alert |
| 04/23/2024 | Buy Now | 19.55% | Needham | Charles Shi53% | $320 → $320 | Reiterates | Buy → Buy | Get Alert |
| 04/23/2024 | Buy Now | 18.8% | Piper Sandler | Clarke Jeffries56% | $334 → $318 | Maintains | Neutral | Get Alert |
| 04/22/2024 | Buy Now | 4.61% | Rosenblatt | Blair Abernethy67% | $280 → $280 | Maintains | Neutral | Get Alert |
| 04/19/2024 | Buy Now | 19.55% | Needham | Charles Shi53% | $320 → $320 | Reiterates | Buy → Buy | Get Alert |
| 04/19/2024 | Buy Now | 20.3% | Baird | Joe Vruwink68% | $302 → $322 | Maintains | Outperform | Get Alert |
| 04/18/2024 | Buy Now | 20.3% | Baird | Joe Vruwink68% | $302 → $322 | Maintains | Outperform | Get Alert |
| 04/16/2024 | Buy Now | 30.76% | Wells Fargo | Gary Mobley70% | $330 → $350 | Maintains | Overweight | Get Alert |
| 04/15/2024 | Buy Now | 27.02% | Keybanc | Jason Celino60% | $335 → $340 | Maintains | Overweight | Get Alert |
| 04/04/2024 | Buy Now | 24.78% | Piper Sandler | Clarke Jeffries56% | → $334 | Initiates | → Neutral | Get Alert |
| 03/06/2024 | Buy Now | 19.55% | Needham | Charles Shi53% | $320 → $320 | Reiterates | Buy → Buy | Get Alert |
| 02/14/2024 | Buy Now | 30.76% | Morgan Stanley | Lee Simpson51% | $260 → $350 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 02/13/2024 | Buy Now | 4.61% | Rosenblatt | Blair Abernethy67% | $265 → $280 | Downgrade | Buy → Neutral | Get Alert |
| 02/13/2024 | Buy Now | 12.83% | Baird | Joe Vruwink68% | $289 → $302 | Maintains | Outperform | Get Alert |
| 02/13/2024 | Buy Now | 30.76% | Stifel | Ruben Roy79% | $300 → $350 | Maintains | Buy | Get Alert |
| 02/13/2024 | Buy Now | 19.55% | Needham | Charles Shi53% | $315 → $320 | Maintains | Buy | Get Alert |
| 02/13/2024 | Buy Now | 25.15% | Keybanc | Jason Celino60% | $325 → $335 | Maintains | Overweight | Get Alert |
| 02/06/2024 | Buy Now | 23.29% | Wells Fargo | Gary Mobley70% | $310 → $330 | Maintains | Overweight | Get Alert |
| 02/05/2024 | Buy Now | 21.42% | Keybanc | Jason Celino60% | $290 → $325 | Maintains | Overweight | Get Alert |
| 11/10/2023 | Buy Now | -2.87% | Morgan Stanley | Lee Simpson51% | → $260 | Initiates | → Equal-Weight | Get Alert |
| 10/24/2023 | Buy Now | -1% | Rosenblatt | Blair Abernethy67% | → $265 | Reiterates | Buy → Buy | Get Alert |
| 10/24/2023 | Buy Now | 0.12% | Needham | Charles Shi53% | → $268 | Reiterates | Buy → Buy | Get Alert |
| 10/19/2023 | Buy Now | -1% | Rosenblatt | Blair Abernethy67% | $250 → $265 | Maintains | Buy | Get Alert |
| 09/21/2023 | Buy Now | -6.6% | Rosenblatt | Blair Abernethy67% | → $250 | Reiterates | Buy → Buy | Get Alert |
| 09/14/2023 | Buy Now | 8.34% | Keybanc | Jason Celino60% | $270 → $290 | Maintains | Overweight | Get Alert |
| 08/25/2023 | Buy Now | -6.6% | Rosenblatt | Blair Abernethy67% | → $250 | Reiterates | Buy → Buy | Get Alert |
| 07/25/2023 | Buy Now | 6.47% | B of A Securities | Vivek Arya79% | $280 → $285 | Maintains | Buy | Get Alert |
| 07/25/2023 | Buy Now | -12.21% | Needham | Charles Shi53% | $235 → $235 | Reiterates | Buy → Buy | Get Alert |
| 07/25/2023 | Buy Now | -6.6% | Rosenblatt | Blair Abernethy67% | → $250 | Reiterates | Buy → Buy | Get Alert |
| 07/25/2023 | Buy Now | 0.87% | Keybanc | Jason Celino60% | $265 → $270 | Maintains | Overweight | Get Alert |
| 07/21/2023 | Buy Now | -6.6% | Rosenblatt | Blair Abernethy67% | $215 → $250 | Maintains | Buy | Get Alert |
| 07/20/2023 | Buy Now | 12.08% | Stifel | Ruben Roy79% | $210 → $300 | Upgrade | Hold → Buy | Get Alert |
| 07/18/2023 | Buy Now | 0.87% | Wells Fargo | Gary Mobley70% | $250 → $270 | Maintains | Overweight | Get Alert |
| 07/13/2023 | Buy Now | -1% | Keybanc | Jason Celino60% | $235 → $265 | Maintains | Overweight | Get Alert |
| 06/05/2023 | Buy Now | -6.6% | Wells Fargo | Gary Mobley70% | $235 → $250 | Maintains | Overweight | Get Alert |
| 04/26/2023 | Buy Now | -14.07% | Deutsche Bank | Gianmarco Conti73% | $222 → $230 | Maintains | Buy | Get Alert |
| 04/25/2023 | Buy Now | -10.34% | B of A Securities | Vivek Arya79% | $225 → $240 | Maintains | Buy | Get Alert |
| 04/25/2023 | Buy Now | -16.69% | Baird | Joe Vruwink68% | $215 → $223 | Maintains | Outperform | Get Alert |
| 04/25/2023 | Buy Now | -12.21% | Keybanc | Jason Celino60% | $225 → $235 | Maintains | Overweight | Get Alert |
| 04/11/2023 | Buy Now | -12.21% | Wells Fargo | Gary Mobley70% | $215 → $235 | Maintains | Overweight | Get Alert |
| 02/15/2023 | Buy Now | -17.06% | Deutsche Bank | Gianmarco Conti73% | $200 → $222 | Maintains | Buy | Get Alert |
| 02/14/2023 | Buy Now | -19.68% | Wells Fargo | Gary Mobley70% | $205 → $215 | Maintains | Overweight | Get Alert |
| 02/14/2023 | Buy Now | -19.68% | Baird | Joe Vruwink68% | $206 → $215 | Maintains | Outperform | Get Alert |
| 02/14/2023 | Buy Now | -25.28% | Rosenblatt | Blair Abernethy67% | $175 → $200 | Maintains | Buy | Get Alert |
| 02/14/2023 | Buy Now | -12.21% | Needham | Charles Shi53% | $200 → $235 | Maintains | Buy | Get Alert |
| 02/14/2023 | Buy Now | -15.94% | B of A Securities | Vivek Arya79% | $205 → $225 | Maintains | Buy | Get Alert |
| 02/14/2023 | Buy Now | -15.94% | Keybanc | Jason Celino60% | $215 → $225 | Maintains | Overweight | Get Alert |
| 01/17/2023 | Buy Now | -25.28% | Atlantic Equities | Peter Sazel50% | → $200 | Upgrade | Neutral → Overweight | Get Alert |
| 12/16/2022 | Buy Now | -23.41% | B of A Securities | Vivek Arya79% | $185 → $205 | Upgrade | Neutral → Buy | Get Alert |
| 10/24/2022 | Buy Now | -34.62% | Rosenblatt | Blair Abernethy67% | $185 → $175 | Maintains | Buy | Get Alert |
| 09/29/2022 | Buy Now | -25.28% | Deutsche Bank | Johannes Schaller52% | → $200 | Initiates | → Buy | Get Alert |
| 09/08/2022 | Buy Now | -25.28% | Stifel | Ruben Roy79% | → $200 | Initiates | → Hold | Get Alert |
| 08/17/2022 | Buy Now | -21.55% | Wolfe Research | Gal Munda52% | → $210 | Initiates | → Outperform | Get Alert |
| 07/26/2022 | Buy Now | -30.89% | Rosenblatt | Blair Abernethy67% | $170 → $185 | Maintains | Buy | Get Alert |
| 07/26/2022 | Buy Now | -25.28% | Needham | Charles Shi53% | $193 → $200 | Maintains | Buy | Get Alert |
| 06/29/2022 | Buy Now | -34.62% | B of A Securities | Vivek Arya79% | $160 → $175 | Upgrade | Underperform → Neutral | Get Alert |
| 04/26/2022 | Buy Now | -32.75% | UBS | Pradeep Ramani65% | $170 → $180 | Maintains | Neutral | Get Alert |
| 04/26/2022 | Buy Now | -19.68% | Keybanc | Jason Celino60% | $205 → $215 | Maintains | Overweight | Get Alert |
| 04/26/2022 | Buy Now | -27.9% | Needham | Charles Shi53% | $185 → $193 | Maintains | Buy | Get Alert |
FAQ
What is the target price for Cadence Design Systems (CDNS) stock?
The latest price target for Cadence Design Systems (NASDAQ:CDNS) was reported by Oppenheimer on March 19, 2025. The analyst firm set a price target for $200.00 expecting CDNS to fall to within 12 months (a possible -25.20% downside). 36 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Cadence Design Systems (CDNS)?
The latest analyst rating for Cadence Design Systems (NASDAQ:CDNS) was provided by Oppenheimer, and Cadence Design Systems maintained their underperform rating.
When was the last upgrade for Cadence Design Systems (CDNS)?
The last upgrade for Cadence Design Systems Inc happened on August 6, 2024 when Piper Sandler raised their price target to $318. Piper Sandler previously had a neutral for Cadence Design Systems Inc.
When was the last downgrade for Cadence Design Systems (CDNS)?
The last downgrade for Cadence Design Systems Inc happened on February 13, 2024 when Rosenblatt changed their price target from $265 to $280 for Cadence Design Systems Inc.
When is the next analyst rating going to be posted or updated for Cadence Design Systems (CDNS)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cadence Design Systems, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cadence Design Systems was filed on March 19, 2025 so you should expect the next rating to be made available sometime around March 19, 2026.
Is the Analyst Rating Cadence Design Systems (CDNS) correct?
While ratings are subjective and will change, the latest Cadence Design Systems (CDNS) rating was a maintained with a price target of $225.00 to $200.00. The current price Cadence Design Systems (CDNS) is trading at is $267.39, which is out of the analyst’s predicted range.
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