On July 10, 2025, Keybanc analyst Jason Celino maintained an "Overweight" rating for Cadence Design Systems (CDNS), affirming the positive outlook for the tech company's stock. In a notable move, Celino raised the price target for CDNS from $340.00 to $358.00 USD. This adjustment represents a significant 5.29% increase from the prior target, highlighting strong confidence in the company's future performance.
CDNS has consistently demonstrated robust growth within its industry, and this latest adjustment reflects market expectations for continued success. As of the current analysis, the "Overweight" rating suggests that the stock is expected to outperform the average total return of similar companies in the market.
Investors watching Cadence Design Systems should take note of this updated price target as a key indicator of the company's projected growth and market position. The revised target reinforces the positive sentiment surrounding CDNS and its trajectory in the ever-evolving tech landscape.
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 $322.03 with a high estimate of $365.00 and a low estimate of $200.00. The average target implies an downside of 0.27% from the current price of $322.91. 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 2.1, 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 $345.67, suggesting a upside of 7.05% from the current price of $322.91. 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.
