CADENCE DESIGN SYS INC (CDNS)
US1273871087 - Common Stock
ChartMill assigns a Buy % Consensus number of 79% to CDNS. The Buy consensus is the weighted average rating of the current analysts ratings.
Analysts have set a mean price target forecast of 322.7. This target is 5.28% above the current price.
CDNS was analyzed by 24 analysts. The buy percentage consensus is at 79. So analysts seem to be have mildly positive about CDNS.
In the previous month the buy percentage consensus was at a similar level.
CDNS was analyzed by 24 analysts, which is quite many. So the average rating should be quite meaningful.
Price Target & Forecast
| Date | Firm | Action | Rating |
|---|---|---|---|
| 2024-11-11 | Loop Capital | Initiate | Buy |
| 2024-10-29 | Needham | Maintains | Buy -> Buy |
| 2024-10-29 | Rosenblatt | Maintains | Neutral -> Neutral |
| 2024-10-29 | Baird | Maintains | Outperform -> Outperform |
| 2024-10-22 | Mizuho | Initiate | Outperform |
| 2024-10-15 | Berenberg | Initiate | Buy |
| 2024-10-07 | Rosenblatt | Maintains | Neutral -> Neutral |
| 2024-09-25 | Oppenheimer | Initiate | Underperform |
| 2024-08-06 | Rosenblatt | Maintains | Neutral -> Neutral |
| 2024-08-06 | Piper Sandler | Upgrade | Neutral -> Overweight |
| 2024-07-23 | Needham | Reiterate | Buy -> Buy |
| 2024-07-23 | Baird | Maintains | Outperform -> Outperform |
| 2024-07-10 | Piper Sandler | Maintains | Neutral -> Neutral |
| 2024-07-02 | Baird | Maintains | Outperform -> Outperform |
| 2024-06-27 | Keybanc | Maintains | Overweight -> Overweight |
| 2024-05-30 | B of A Securities | Maintains | Buy -> Buy |
| 2024-05-17 | Needham | Reiterate | Buy -> Buy |
| 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 |