On May 13, 2025, Needham analyst Charles Shi reiterated a "Buy" rating for Cadence Design Systems (CDNS, Financial). According to the latest research note, the analyst maintains the price target at $325.00, unchanged from the previous target.
The reiteration of the "Buy" rating highlights continued confidence in Cadence Design Systems' (CDNS, Financial) market position and potential. The reaffirmed price target suggests that the analyst sees stable growth prospects for the stock.
Cadence Design Systems (CDNS, Financial), a prominent player in electronic design automation, continues to attract positive attention from analysts, as demonstrated by Needham's consistent appraisal. The price target remains at $325.00, supporting the analyst's sustained optimism about the company's performance.
Investors and market watchers will likely keep an eye on Cadence Design Systems (CDNS, Financial) following this reaffirmed rating and stable price target.
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 $317.52 with a high estimate of $355.00 and a low estimate of $200.00. The average target implies an upside of 1.85% from the current price of $311.77. 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 $340.95, suggesting a upside of 9.36% from the current price of $311.77. 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.
