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NASDAQ:CDNS

Cadence Design Systems Price Target, Predictions & Analyst Ratings

$134.65
-0.75 (-0.55 %)
(As of 01/15/2021 03:59 PM ET)
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Compare
Today's Range
$133.00
Now: $134.65
$136.40
50-Day Range
$113.04
MA: $127.15
$137.05
52-Week Range
$51.39
Now: $134.65
$138.54
Volume44,893 shs
Average Volume1.83 million shs
Market Capitalization$37.56 billion
P/E Ratio34.97
Dividend YieldN/A
Beta1.05

Analyst Ratings

Cadence Design Systems (NASDAQ:CDNS) Price Target and Consensus Rating

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
11 Wall Street analysts have issued ratings and price targets for Cadence Design Systems in the last 12 months. Their average twelve-month price target is $117.64, predicting that the stock has a possible downside of 12.64%. The high price target for CDNS is $145.00 and the low price target for CDNS is $80.00. There are currently 1 sell rating, 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
CDNS Consensus Rating: BuyBuyBuyBuy
CDNS Consensus Rating Score: 2.642.822.802.73
CDNS Analyst Ratings: 1 Sell Rating(s)
2 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
2 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
2 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
3 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
CDNS Consensus Price Target: $117.64$117.64$109.90$91.91
CDNS Price Target Upside: 12.64% downside10.92% upside10.54% upside8.09% upside

Cadence Design Systems (NASDAQ:CDNS) Consensus Price Target History

Average Share Price and Price Target by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cadence Design Systems (NASDAQ:CDNS) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/11/2021Bank of AmericaDowngradeBuy ➝ UnderperformMedium
12/9/2020JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$122.00 ➝ $145.00High
10/20/2020Wells Fargo & CompanyBoost Price TargetOverweight$120.00 ➝ $135.00Medium
10/20/2020DA DavidsonBoost Price TargetBuy$120.00 ➝ $130.00Medium
10/20/2020Royal Bank of CanadaBoost Price TargetOutperform$122.00 ➝ $127.00High
10/20/2020Needham & Company LLCBoost Price TargetBuy$115.00 ➝ $126.00Medium
10/14/2020UBS GroupBoost Price TargetNeutral$91.00 ➝ $125.00Medium
7/21/2020Robert W. BairdBoost Price TargetOutperform$110.00 ➝ $117.00High
7/17/2020Credit Suisse GroupReiterated RatingHold$80.00Low
4/24/2020CfraReiterated RatingBuy$89.00Low
2/13/2020BenchmarkInitiated CoverageBuy$90.00Low
4/10/2019KeyCorpInitiated CoverageSector Weight ➝ Sector WeightLow
11/20/2018Berenberg BankInitiated CoverageHold ➝ Hold$50.00Low
7/24/2018Griffin SecuritiesBoost Price TargetBuy$50.00 ➝ $52.00High
(Data available from 1/15/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)
This page was last updated on 1/15/2021 by MarketBeat.com Staff

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