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Cadence Design Systems Stock Forecast

NASDAQ:CDNS BUY SELL

$147.63 (0.70%)

Volume: 1.333M

Closed: May 23, 2022

Hollow Logo Score: -0.586

Cadence Design Systems Stock Forecast

BUY SELL NASDAQ:CDNS
$147.63 (0.70%)

Volume: 1.333M

Closed: May 23, 2022

Score Hollow Logo -0.586

Cadence Design Systems Stock Forecast NASDAQ:CDNS

Price Target and Analyst Ratings

Historical Ratings

Date Upside / Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating
2022-04-26 21.93% UBS $170.00 $180.00 Maintains Neutral
2022-04-26 30.73% Needham $185.00 $193.00 Maintains Buy
2022-04-26 45.63% Keybanc $205.00 $215.00 Maintains Overweight
2022-02-23 21.93% Berenberg $180.00 Upgrades Hold Buy
2022-02-23 18.54% JP Morgan $185.00 $175.00 Maintains Neutral
2022-02-23 21.93% Rosenblatt $173.00 $180.00 Maintains Buy
2022-01-10 38.86% Keybanc $186.00 $205.00 Maintains Overweight
2021-12-21 38.86% Wells Fargo $190.00 $205.00 Maintains Overweight
2021-12-14 25.31% JP Morgan $185.00 Downgrades Overweight Neutral
2021-10-26 25.99% Keybanc $166.00 $186.00 Maintains Overweight
2021-10-26 28.7% Wells Fargo $175.00 $190.00 Maintains Overweight
2021-10-26 18.54% Credit Suisse $155.00 $175.00 Maintains Neutral
2021-10-26 25.31% Needham $183.00 $185.00 Maintains Buy
2021-10-21 18.54% Wells Fargo $165.00 $175.00 Maintains Overweight
2021-10-20 23.96% Needham $183.00 Initiates Coverage On Buy
2021-07-27 12.44% Keybanc $162.00 $166.00 Maintains Overweight
2021-06-25 5.67% Rosenblatt $156.00 Initiates Coverage On Buy
2021-04-20 11.77% Wells Fargo $160.00 $165.00 Maintains Overweight
2021-02-23 8.38% RBC Capital $127.00 $160.00 Maintains Outperform
2021-02-23 4.99% Credit Suisse $135.00 $155.00 Maintains Neutral
2021-02-23 -1.78% Needham $126.00 $145.00 Maintains Buy
2021-02-22 -8.56% Credit Suisse $110.00 $135.00 Maintains Neutral
2021-02-16 8.38% Keybanc $155.00 $160.00 Maintains Overweight
2021-02-10 8.38% Wells Fargo $145.00 $160.00 Maintains Overweight
2021-01-05 4.99% Keybanc $155.00 Upgrades Sector Weight Overweight
2020-12-09 -1.78% JP Morgan $122.00 $145.00 Upgrades Neutral Overweight
2020-10-20 -14.65% Needham $115.00 $126.00 Maintains Buy
2020-10-14 -15.33% UBS $91.00 $125.00 Maintains Neutral
2020-07-21 -13.3% B of A Securities $115.00 $128.00 Maintains Buy
2020-07-21 -20.75% Baird $110.00 $117.00 Maintains Outperform
2020-07-21 -18.72% RBC Capital $101.00 $120.00 Maintains Outperform
2020-07-21 -22.1% Needham $86.00 $115.00 Maintains Buy
2020-05-27 -38.36% UBS $91.00 Initiates Coverage On Neutral
2020-04-24 -39.71% CFRA $3.00 $89.00 Maintains Buy
2020-04-22 - B of A Securities - Upgrades Neutral Buy
2020-04-21 -41.07% Wells Fargo $85.00 $87.00 Maintains Overweight
2020-04-21 -38.36% Baird $72.00 $91.00 Maintains Outperform
2020-02-19 -37% Baird $93.00 Initiates Coverage On Outperform
2020-02-13 -43.78% B of A Securities $80.00 $83.00 Maintains Neutral
2020-02-13 -45.81% Credit Suisse $75.00 $80.00 Maintains Neutral
2020-02-13 -41.75% Needham $76.00 $86.00 Maintains Buy
2020-02-06 -42.42% Wells Fargo $80.00 $85.00 Maintains Overweight
2019-10-22 -49.2% Credit Suisse $70.00 $75.00 Reiterates Neutral
2019-09-23 -50.55% B of A Securities $73.00 Initiates Coverage On Neutral
2019-09-11 -49.2% JP Morgan $78.00 $75.00 Assumes Neutral
2019-07-23 -52.58% Credit Suisse $62.00 $70.00 Maintains Neutral
2019-05-15 - Wells Fargo - Initiates Coverage On Market Perform

CDNS Stock Trend

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled.

Given the current short-term trend, the stock is expected to fall -5.96% during the next 3 months and, with a 90% probability hold a price between $126.33 and $151.79 at the end of this 3-month period.

Data

Date Bottom Mid Top
2022-05-25 $134.17 $147.70 $161.24
2022-05-26 $134.00 $147.54 $161.07
2022-05-27 $133.83 $147.37 $160.90
2022-05-31 $133.67 $147.20 $160.73
2022-06-01 $133.50 $147.03 $160.57
2022-06-02 $133.33 $146.87 $160.40
2022-06-03 $133.16 $146.70 $160.23
2022-06-06 $133.00 $146.53 $160.06
2022-06-07 $132.83 $146.36 $159.90
2022-06-08 $132.66 $146.19 $159.73
2022-06-09 $132.49 $146.03 $159.56
2022-06-10 $132.32 $145.86 $159.39
2022-06-13 $132.16 $145.69 $159.22
2022-06-14 $131.99 $145.52 $159.06
2022-06-15 $131.82 $145.36 $158.89
2022-06-16 $131.65 $145.19 $158.72
2022-06-17 $131.49 $145.02 $158.55
2022-06-21 $131.32 $144.85 $158.39
2022-06-22 $131.15 $144.68 $158.22
2022-06-23 $130.98 $144.52 $158.05
2022-06-24 $130.81 $144.35 $157.88
2022-06-27 $130.65 $144.18 $157.71
2022-06-28 $130.48 $144.01 $157.55
2022-06-29 $130.31 $143.85 $157.38
2022-06-30 $130.14 $143.68 $157.21
2022-07-01 $129.98 $143.51 $157.04
2022-07-05 $129.81 $143.34 $156.88
2022-07-06 $129.64 $143.17 $156.71
2022-07-07 $129.47 $143.01 $156.54
2022-07-08 $129.30 $142.84 $156.37

About Cadence Design Systems

Cadence Design Systems Cadence Design Systems, Inc. develops, sells, leases, and licenses electronic design automation (EDA) software, emulation and prototyping hardware, verification intellectual property (VIP), and design intellectual property (IP) for semiconductor and electronics systems industries worldwide. It offers functional verification products, including logic verification software that enables customers to coordinate verification activities across multiple... Read more

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