CADENCE DESIGN SYS INC (CDNS) Forecast, Price Target & Analyst Ratings

NASDAQ:CDNS • US1273871087

Current stock price

340.94 USD
+11.35 (+3.44%)
At close:
339.5 USD
-1.44 (-0.42%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CADENCE DESIGN SYS INC (CDNS).

Forecast Snapshot

Consensus Price Target

Price Target
$379.56
+ 11.33% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Jul 27, 2026
Period
Q2 / 2026
EPS Estimate
$2.08
Revenue Estimate
1.596B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
83.75%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$379.56
Upside
+ 11.33%
From current price of $340.94 to mean target of $379.56, Based on 32 analyst forecasts
Low
$277.75
Median
$387.60
High
$430.50

Price Target Revisions

1 Month
0.24%
3 Months
-2.56%

Price Target Summary

32 Wall Street analysts provided a forecast for the next 12 months for CDNS. The average price target is 379.56 USD. This implies a price increase of 11.33% is expected in the next year compared to the current price of 340.94.
The average price target has been revised downward by 2.56% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

CDNS Current Analyst RatingCDNS Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10 15

Analyst Ratings History

CDNS Historical Analyst RatingsCDNS Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30

Analyst Ratings Consensus

ChartMill Buy Consensus
83.75%
CDNS was analyzed by 32 analysts. The buy percentage consensus is at 84. 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 32 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-04-29CitigroupMaintains Buy -> Buy
2026-04-28NeedhamReiterate Buy -> Buy
2026-04-28KeybancMaintains Overweight -> Overweight
2026-04-28RosenblattMaintains Buy -> Buy
2026-04-28Wells FargoMaintains Overweight -> Overweight
2026-04-28BairdMaintains Outperform -> Outperform
2026-04-28Piper SandlerMaintains Neutral -> Neutral
2026-04-24RosenblattMaintains Buy -> Buy
2026-04-20NeedhamMaintains Buy -> Buy
2026-02-26RosenblattMaintains Buy -> Buy
2026-02-18NeedhamReiterate Buy -> Buy
2026-02-18RosenblattUpgrade Neutral -> Buy
2026-02-18Wells FargoMaintains Overweight -> Overweight
2026-02-18Morgan StanleyMaintains Overweight -> Overweight
2026-02-18Piper SandlerMaintains Neutral -> Neutral
2026-02-17RosenblattMaintains Neutral -> Neutral
2025-12-22NeedhamReiterate Buy -> Buy
2025-11-24CitigroupInitiate Buy
2025-10-28NeedhamReiterate Buy -> Buy
2025-10-28OppenheimerMaintains Underperform -> Underperform
2025-10-28RosenblattMaintains Neutral -> Neutral
2025-10-28Wells FargoMaintains Overweight -> Overweight
2025-10-28JP MorganMaintains Overweight -> Overweight
2025-10-28BairdMaintains Outperform -> Outperform
2025-10-22RosenblattMaintains Neutral -> Neutral

Next Earnings Forecast Details

Next Earnings Details

Release Date
Jul 27, 2026
Period
Q2 / 2026
EPS Estimate
$2.08
Revenue Estimate
1.596B
Revenue Q2Q
25.13%
EPS Q2Q
25.83%
Number of Analysts
19

Next Earnings Revisions

Revenue (1 Month)
0.54%
Revenue (3 Months)
5.19%
EPS (1 Month)
-0.58%
EPS (3 Months)
5.47%

Next Earnings Summary

CDNS is expected to report earnings on 7/27/2026. The consensus EPS estimate for the next earnings is 2.08 USD and the consensus revenue estimate is 1.60B USD.
The next earnings revenue estimate has been revised upward by 5.19% in the past 3 months. Upward revisions are a positive sign and indicate that analysts are more optimistic about the next earnings compared to 3 months ago.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2033

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
CDNS revenue by date.CDNS revenue by date.
4.09B
14.83%		4.641B
13.48%		5.297B
14.12%		6.289B
18.73%		7.1B
12.90%		8.045B
13.31%		8.303B
3.21%		9.916B
19.43%		11.089B
11.83%		12.364B
11.50%		13.788B
11.52%
EBITDA
YoY % growth
CDNS ebitda by date.CDNS ebitda by date.
1.42B
17.73%		1.586B
11.72%		1.908B
20.30%		2.942B
54.18%		3.439B
16.89%		3.968B
15.38%		4.316B
8.77%		4.891B
13.32%		5.429B
11.00%		6.128B
12.88%		6.882B
12.30%
EBIT
YoY % growth
CDNS ebit by date.CDNS ebit by date.
1.274B
18.68%		1.389B
9.01%		1.68B
20.96%		2.715B
61.58%		3.207B
18.12%		3.668B
14.37%		3.247B
-11.48%		4.473B
37.76%		N/AN/AN/A
Operating Margin
CDNS operating margin by date.CDNS operating margin by date.
31.16%29.93%31.72%43.17%45.17%45.59%39.11%45.11%N/AN/AN/A
EPS
YoY % growth
CDNS eps by date.CDNS eps by date.
5.15
20.61%		5.97
15.92%		7.14
19.60%		8.15
14.20%		9.56
17.24%		11.11
16.17%		11.07
-0.35%		14.05
26.91%		15.69
11.69%		17.85
13.78%		20.33
13.89%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		2.08
25.83%		1.98
2.79%		2.24
12.78%		2.14
9.04%		2.22
7.14%		2.40
20.96%		2.66
18.44%		2.34
9.29%		2.46
10.74%		2.69
12.21%		3.26
22.78%
Revenue
Q2Q % growth		1.596B
25.13%		1.577B
17.79%		1.641B
13.95%		1.611B
9.28%		1.655B
3.70%		1.738B
10.21%		1.861B
13.41%		1.779B
10.43%		1.815B
9.67%		1.958B
12.66%		2.201B
18.27%
EBITDA
Q2Q % growth		771.7M
60.44%		723.67M
17.47%		801.35M
14.39%		760.03M
9.86%		789.1M
2.25%		852.03M
17.74%		974.33M
21.59%		845.07M
11.19%		888.78M
12.63%		964.05M
13.15%		1.154B
18.44%
EBIT
Q2Q % growth		692.49M
84.97%		678.86M
49.93%		741.56M
56.88%		701.16M
9.90%		729.07M
5.28%		783.37M
15.39%		875.24M
18.03%		787.64M
12.33%		829.46M
13.77%		904.94M
15.52%		1.09B
24.54%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

CDNS Yearly Revenue VS EstimatesCDNS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B 10B
CDNS Yearly EPS VS EstimatesCDNS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15 20

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
14.46%
EPS Next 5 Year
14.49%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
13.02%
Revenue Next 5 Year
12.98%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
16.18%
EBIT Next 5 Year
15.44%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

CADENCE DESIGN SYS INC / CDNS Forecast FAQ

What is the price target for CDNS stock?

32 analysts have analysed CDNS and the average price target is 379.56 USD. This implies a price increase of 11.33% is expected in the next year compared to the current price of 340.94.

What is the next earnings date for CDNS stock?

CADENCE DESIGN SYS INC (CDNS) will report earnings on 2026-07-27.

What are the consensus estimates for CADENCE DESIGN SYS INC (CDNS) next earnings?

The consensus EPS estimate for the next earnings of CADENCE DESIGN SYS INC (CDNS) is 2.08 USD and the consensus revenue estimate is 1.60B USD.

What is the expected long term growth rate for CADENCE DESIGN SYS INC (CDNS)?

The expected long term growth rate for CADENCE DESIGN SYS INC (CDNS) is 13.02%.