Cadence Design Systems (CDNS, Financial) received a target price adjustment from Keybanc analyst Jason Celino. The new price target stands at $375.00, up from the previous target of $355.00. This marks a 5.63% increase in the target price.
The adjustment comes as part of Keybanc's updated analysis, where the rating for Cadence Design Systems (CDNS, Financial) remains at "Overweight." The prior rating was also "Overweight," indicating sustained confidence in the stock's performance.
The change was announced on May 15, 2025, reflecting the updated expectations for Cadence Design Systems (CDNS, Financial) by the analyst. The stock is traded on the NASDAQ exchange under the ticker (CDNS).
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Cadence Design Systems Inc (CDNS, Financial) is $318.52 with a high estimate of $375.00 and a low estimate of $200.00. The average target implies an downside of 0.44% from the current price of $319.94. More detailed estimate data can be found on the Cadence Design Systems Inc (CDNS) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Cadence Design Systems Inc's (CDNS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cadence Design Systems Inc (CDNS, Financial) in one year is $341.43, suggesting a upside of 6.72% from the current price of $319.94. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cadence Design Systems Inc (CDNS) Summary page.
