CADENCE DESIGN SYS INC (CDNS)
US1273871087 - Common Stock
ChartMill assigns a Buy % Consensus number of 83% to CDNS. The Buy consensus is the weighted average rating of the current analysts ratings.
Analysts have set a mean price target forecast of 335.97. This target is 17.76% above the current price.
CDNS was analyzed by 21 analysts. The buy percentage consensus is at 83. So analysts seem to be very confident about CDNS.
In the previous month the buy percentage consensus was at a similar level.
CDNS was analyzed by 21 analysts, which is quite many. So the average rating should be quite meaningful.
Price Target & Forecast
| Date | Firm | Action | Rating |
|---|---|---|---|
| 2024-04-23 | Needham | Reiterate | Buy -> Buy |
| 2024-04-23 | Piper Sandler | Maintains | Neutral -> Neutral |
| 2024-04-22 | Rosenblatt | Maintains | Neutral -> Neutral |
| 2024-04-19 | Needham | Reiterate | Buy -> Buy |
| 2024-04-19 | Baird | Maintains | Outperform -> Outperform |
| 2024-04-18 | Baird | Maintains | Outperform -> Outperform |
| 2024-04-16 | Wells Fargo | Maintains | Overweight -> Overweight |
| 2024-04-15 | Keybanc | Maintains | Overweight -> Overweight |
| 2024-04-04 | Piper Sandler | Initiate | Neutral |
| 2024-03-06 | Needham | Reiterate | Buy -> Buy |
| 2024-02-14 | Morgan Stanley | Upgrade | Equal-Weight -> Overweight |
| 2024-02-13 | Needham | Maintains | Buy -> Buy |
| 2024-02-13 | Keybanc | Maintains | Overweight -> Overweight |
| 2024-02-13 | Rosenblatt | Downgrade | Buy -> Neutral |
| 2024-02-13 | Stifel | Maintains | Buy -> Buy |
| 2024-02-13 | Baird | Maintains | Outperform -> Outperform |
| 2024-02-06 | Wells Fargo | Maintains | Overweight -> Overweight |
| 2024-02-05 | Keybanc | Maintains | Overweight -> Overweight |
| 2023-11-10 | Morgan Stanley | Initiate | Equal-Weight |
| 2023-10-24 | Needham | Reiterate | Buy -> Buy |
| 2023-10-24 | Rosenblatt | Reiterate | Buy -> Buy |
| 2023-10-19 | Rosenblatt | Maintains | Buy -> Buy |
| 2023-09-21 | Rosenblatt | Reiterate | Buy -> Buy |
| 2023-09-14 | Keybanc | Maintains | Overweight -> Overweight |
| 2023-08-25 | Rosenblatt | Reiterate | Buy -> Buy |
| 2023-07-25 | Needham | Reiterate | Buy -> Buy |
| 2023-07-25 | Keybanc | Maintains | Overweight -> Overweight |
| 2023-07-25 | Rosenblatt | Reiterate | Buy -> Buy |
| 2023-07-25 | B of A Securities | Maintains | Buy -> Buy |
| 2023-07-21 | Rosenblatt | Maintains | Buy -> Buy |