Investment Analysts’ Recent Ratings Changes for Cadence Design Systems (CDNS)

A number of firms have modified their ratings and price targets on shares of Cadence Design Systems (NASDAQ: CDNS) recently:

• 10/28/2026 – Cadence Design Systems was upgraded by Wall Street Zen from “hold” to “buy”.
• 10/27/2026 – Cadence Design Systems had its “overweight” rating reaffirmed by KeyCorp.
• 10/27/2026 – Cadence Design Systems was given a new $400.00 price target by Mizuho.
• 10/27/2026 – Cadence Design Systems had its price target raised by JPMorgan Chase & Co. from $405.00 to $420.00. They now have an “overweight” rating on the stock.
• 10/27/2026 – Cadence Design Systems had its price target raised by Needham & Company LLC from $400.00 to $430.00. They now have a “buy” rating on the stock.
• 10/27/2026 – Cadence Design Systems had its price target raised by Robert W. Baird from $420.00 to $440.00. They now have an “outperform” rating on the stock.
• 10/23/2026 – Cadence Design Systems had its “buy” rating reaffirmed by Rosenblatt Securities. They now have a $420.00 price target on the stock.
• 10/22/2026 – Cadence Design Systems was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 10/20/2026 – Cadence Design Systems was downgraded by Wall Street Zen from “buy” to “hold”.
• 10/12/2026 – Cadence Design Systems was upgraded by Wall Street Zen from “hold” to “buy”.
• 10/7/2026 – Cadence Design Systems had its “buy” rating reaffirmed by Deutsche Bank Aktiengesellschaft. They now have a $420.00 price target on the stock, up from $400.00.
• 10/4/2026 – Cadence Design Systems was downgraded by Wall Street Zen from “buy” to “hold”.
• 9/26/2026 – Cadence Design Systems was upgraded by Wall Street Zen from “hold” to “buy”.
• 9/25/2026 – Cadence Design Systems was downgraded by Weiss Ratings from “hold (c+)” to “hold (c)”.
• 9/12/2026 – Cadence Design Systems was downgraded by Wall Street Zen from “buy” to “hold”.
• 9/11/2026 – Cadence Design Systems is now covered by FBN Securities. They set an “outperform” rating and a $375.00 price target on the stock.
• 9/11/2026 – Cadence Design Systems was upgraded by FBN Securities to “strong-buy”.

Cadence Design Systems Stock Performance

Shares of CDNS traded up $5.77 on Wednesday, reaching $329.52. 2,099,103 shares of the company’s stock traded hands, compared to its average volume of 2,459,203. The company has a current ratio of 1.36, a quick ratio of 1.18 and a debt-to-equity ratio of 0.29. The stock has a market cap of $90.41 billion, a PE ratio of 65.51, a PEG ratio of 3.12 and a beta of 1.10. The stock’s 50 day simple moving average is $320.85 and its two-hundred day simple moving average is $327.40. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, October 26th. The software maker reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. Cadence Design Systems had a return on equity of 26.56% and a net margin of 22.51%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company posted $1.93 earnings per share. Cadence Design Systems’s quarterly revenue was up 22.0% compared to the same quarter last year. On average, analysts forecast that Cadence Design Systems, Inc. will post 6.71 earnings per share for the current fiscal year.

Insider Activity at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 2,000 shares of Cadence Design Systems stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $324.13, for a total value of $648,260.00. Following the sale, the vice president owned 119,612 shares of the company’s stock, valued at approximately $38,769,837.56. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita Brennan sold 180 shares of Cadence Design Systems stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $285.51, for a total transaction of $51,391.80. Following the completion of the sale, the director directly owned 7,824 shares in the company, valued at approximately $2,233,830.24. This represents a 2.25% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 8,960 shares of company stock worth $2,834,139. 0.49% of the stock is currently owned by corporate insiders.

Cadence Design Systems, Inc develops computational software, hardware, and semiconductor intellectual property used to design and verify electronic systems and integrated circuits. Its electronic design automation (EDA) solutions support chip development across areas such as digital and custom IC design, functional verification, emulation, prototyping, and system analysis.

The company also provides semiconductor IP, including processor cores, interconnect technologies, memory interfaces, and other building blocks that help customers develop complex chips.