In a recent development, Goldman Sachs has initiated coverage on Cadence Design Systems (CDNS, Financial). The announcement was made by analyst James Schneider, who has issued a "Buy" rating for the stock.
Cadence Design Systems (CDNS, Financial) has been given a price target of USD 380.00, as stated in the analyst rating report. This move marks a significant coverage initiation by Goldman Sachs, providing insight into future potential for investors eyeing Cadence Design Systems.
The coverage initiation and the assigned "Buy" rating reflect Goldman Sachs' positive outlook on Cadence Design Systems (CDNS, Financial) as of July 10, 2025. Investors are advised to consider this new rating as part of their investment strategies.
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.
