Cadence Design Systems (CDNS)
(Delayed Data from NSDQ)
$315.67 USD
+1.60 (0.51%)
Updated Jul 12, 2024 04:00 PM ET
After-Market: $315.67 0.00 (0.00%) 7:58 PM ET
3-Hold of 5 3
D Value B Growth B Momentum D VGM
Cadence Design Systems (CDNS) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$329.38 | $355.00 | $280.00 | 4.87% |
Price Target
Based on short-term price targets offered by 13 analysts, the average price target for Cadence Design Systems comes to $329.38. The forecasts range from a low of $280.00 to a high of $355.00. The average price target represents an increase of 4.87% from the last closing price of $314.07.
Analyst Price Targets (13)
Broker Rating
Cadence Design Systems currently has an average brokerage recommendation (ABR) of 1.54 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 13 brokerage firms. The current ABR compares to an ABR of 1.50 a month ago based on 14 recommendations.
Of the 13 recommendations deriving the current ABR, nine are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 69.23% and 7.69% of all recommendations. A month ago, Strong Buy made up 71.43%, while Buy represented 7.14%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 9 | 9 | 10 | 10 | 9 |
Buy | 1 | 1 | 1 | 1 | 1 |
Hold | 3 | 3 | 3 | 3 | 3 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.54 | 1.54 | 1.50 | 1.50 | 1.54 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
4/23/2024 | Piper Sandler | Clarke Jeffries | Hold | Hold |
4/22/2024 | Rosenblatt Securities | Blair H Abernethy | Hold | Hold |
4/18/2024 | Robert W. Baird & Co. | Joe Vruwink | Strong Buy | Strong Buy |
4/18/2024 | Griffin Securities | Jay Vleeschhouwer | Strong Buy | Strong Buy |
4/16/2024 | Wells Fargo Securities | Gary Mobley | Strong Buy | Strong Buy |
4/15/2024 | KeyBanc Capital Markets | Jason Celino | Strong Buy | Strong Buy |
3/6/2024 | Needham & Company | Charles Shi | Moderate Buy | Moderate Buy |
2/13/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
12/18/2023 | Not Identified | Not Identified | Strong Buy | Strong Buy |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 1.54 |
ABR (Last week) | 1.54 |
# of Recs in ABR | 13 |
Average Target Price | $329.38 |
LT Growth Rate | 17.10% |
Industry | Computer - Software |
Industry Rank by ABR | 102 of 252 |
Current Quarter EPS Est: | 1.23 |