On July 22, 2025, Mizuho analyst Siti Panigrahi reaffirmed their positive outlook on Cadence Design Systems (CDNS, Financial) by maintaining an "Outperform" rating. This indicates continued confidence in the stock's potential performance.
Furthermore, the analyst raised the price target for CDNS from USD 325.00 to USD 360.00. This adjustment reflects a notable 10.77% increase, emphasizing the analyst's optimism about Cadence Design Systems' future prospects.
Cadence Design Systems (CDNS, Financial) is a prominent player in the design automation software industry, and this enhanced price target suggests potential growth opportunities ahead for investors. With an "Outperform" rating intact, CDNS remains a strong candidate for those looking into this sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Cadence Design Systems Inc (CDNS, Financial) is $331.60 with a high estimate of $380.00 and a low estimate of $200.00. The average target implies an upside of 4.51% from the current price of $317.29. More detailed estimate data can be found on the Cadence Design Systems Inc (CDNS) Forecast page.
Based on the consensus recommendation from 23 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 8.94% from the current price of $317.29. 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.
