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Cadence Design Systems Stock Forecast NASDAQ:CDNS

Price Target and Analyst Ratings

Most Recent Rating

On September 17, 2021 "Rosenblatt Securities" gave "$173.00" rating for CDNS. The price target was changed from $163.80 to 2.3%.

Last 30 Days

Historical Ratings

Date Rating Action Authority Current Price Target Price
2021-09-17 $173.00 Initiated by Rosenblatt Securities $163.63 $163.80→2.3%
2021-07-27 $162.00 - $166.00 Target Raised by KeyCorp $143.27 $144.97→0.5%
2021-07-27 $160.00 - $168.00 Target Raised by Robert W. Baird $143.27 $144.97→0.5%
2021-07-27 $160.00 - $144.97 Reiterated by Robert W. Baird $143.27 $142.59→1.6%
2021-07-15 Initiated by Westpark Capital $137.55 $138.83+0.8%
2021-07-14 $137.72 Target Set by Wells Fargo & Company $138.83 $137.720.0%
2021-07-14 Reiterated by Wells Fargo & Company $138.83 $137.720.0%
2021-06-24 Buy Initiated by Rosenblatt Securities $135.02
2021-04-29 Buy Reiterated by Robert W. Baird $133.46
2021-04-27 Buy Target Raised by DA Davidson $132.75 $155.00 → $165.00
2021-04-26 Overweight Target Raised by Wells Fargo & Company $144.23 $160.00 → $165.00
2021-04-20 Overweight Target Raised by Wells Fargo & Company $140.94 $160.00 → $165.00
2021-03-01 Buy Target Raised by Needham & Company LLC $147.44 $126.00 → $145.00
2021-03-01 Outperform Target Raised by Royal Bank of Canada $147.44 $127.00 → $160.00
2021-03-01 Neutral Target Raised by Credit Suisse Group $147.44 $135.00 → $155.00
2021-03-01 Buy Reiterated by Benchmark $147.44 $150.00
2021-02-23 Outperform Target Raised by Royal Bank of Canada $132.60 $127.00 → $160.00
2021-02-23 Buy Target Raised by DA Davidson $132.60 $130.00 → $155.00
2021-02-23 Buy Target Raised by Needham & Company LLC $132.60 $126.00 → $145.00
2021-02-22 In-Line - Neutral Target Raised by Credit Suisse Group $133.16 $110.00 → $135.00
2021-02-16 Target Raised by KeyCorp $145.99 $155.00 → $160.00
2021-02-10 Overweight Target Raised by Wells Fargo & Company $137.86 $145.00 → $160.00
2021-01-11 Buy - Underperform Downgraded by Bank of America $134.69
2020-12-09 Neutral - Overweight Upgraded by JPMorgan Chase & Co. $115.49 $122.00 → $145.00
2020-10-20 Outperform Target Raised by Royal Bank of Canada $112.61 $122.00 → $127.00
2020-10-20 Buy Target Raised by Needham & Company LLC $112.61 $115.00 → $126.00
2020-10-20 Buy Reiterated by Bank of America $112.61 $130.00
2020-10-20 Overweight Target Raised by Wells Fargo & Company $112.61 $120.00 → $135.00
2020-10-20 Buy Target Raised by DA Davidson $112.61 $120.00 → $130.00
2020-10-14 Neutral Target Raised by UBS Group $116.97 $91.00 → $125.00
2020-07-21 Outperform Target Raised by Robert W. Baird $103.58 $110.00 → $117.00
2020-07-21 Overweight Target Raised by Wells Fargo & Co $103.58 $110.00 → $120.00
2020-07-21 Outperform Target Raised by Royal Bank of Canada $103.58 $101.00 → $120.00
2020-07-21 Buy Target Raised by Bank of America $103.58 $115.00 → $128.00
2020-07-21 Buy Target Raised by Needham & Company LLC $103.58 $86.00 → $115.00
2020-07-20 Buy Reiterated by Wells Fargo & Co $103.70
2020-07-17 Hold Reiterated by Credit Suisse Group $100.23 $80.00
2020-07-16 Buy Target Raised by DA Davidson $98.68 $90.00 → $115.00
2020-07-14 Overweight Target Raised by Wells Fargo & Co $99.03 $100.00 → $110.00
2020-07-13 Buy Reiterated by Wells Fargo & Co $98.21
2020-06-15 Outperform Target Raised by Royal Bank of Canada $90.85 $85.00 → $101.00
2020-05-28 Overweight Target Raised by Wells Fargo & Co $88.06 $87.00 → $100.00
2020-05-27 Neutral Initiated by UBS Group $85.20 $91.00
2020-04-24 Buy Reiterated by Cfra $80.52 $89.00
2020-04-22 Neutral - Buy Upgraded by Bank of America $79.80
2020-04-21 Overweight Target Raised by Wells Fargo & Co $74.59 $85.00 → $87.00
2020-04-21 Outperform Target Raised by Robert W. Baird $74.59 $72.00 → $91.00
2020-04-21 Buy Reiterated by Needham & Company LLC $74.59 $86.00
2020-04-17 Hold Reiterated by Credit Suisse Group $78.65 $80.00

CDNS Stock Trend

Given the current short-term trend, the stock is expected to rise 23.59% during the next 3 months and, with a 90% probability hold a price between $188.44 and $212.30 at the end of this 3-month period.

Data

Date Bottom Mid Top
2021-09-30 $152.99 $162.64 $172.29
2021-10-01 $153.51 $163.16 $172.82
2021-10-04 $154.03 $163.68 $173.34
2021-10-05 $154.55 $164.20 $173.86
2021-10-06 $155.07 $164.72 $174.38
2021-10-07 $155.59 $165.25 $174.90
2021-10-08 $156.11 $165.77 $175.42
2021-10-11 $156.63 $166.29 $175.94
2021-10-12 $157.15 $166.81 $176.46
2021-10-13 $157.68 $167.33 $176.98
2021-10-14 $158.20 $167.85 $177.50
2021-10-15 $158.72 $168.37 $178.02
2021-10-18 $159.24 $168.89 $178.54
2021-10-19 $159.76 $169.41 $179.06
2021-10-20 $160.28 $169.93 $179.58
2021-10-21 $160.80 $170.45 $180.10
2021-10-22 $161.32 $170.97 $180.62
2021-10-25 $161.84 $171.49 $181.14
2021-10-26 $162.36 $172.01 $181.66
2021-10-27 $162.88 $172.53 $182.18
2021-10-28 $163.40 $173.05 $182.70
2021-10-29 $163.92 $173.57 $183.23
2021-11-01 $164.44 $174.09 $183.75
2021-11-02 $164.96 $174.61 $184.27
2021-11-03 $165.48 $175.13 $184.79
2021-11-04 $166.00 $175.66 $185.31
2021-11-05 $166.52 $176.18 $185.83
2021-11-08 $167.04 $176.70 $186.35
2021-11-09 $167.56 $177.22 $186.87
2021-11-10 $168.09 $177.74 $187.39

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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