Analyst Bio:
As of July 21, 2023, Cadence Design Systems (NASDAQ:CDNS) has received a Buy rating from Rosenblatt analyst Blair Abernethy. The price target for the company has been increased from $215 to $250. Currently, the price per share of Cadence Design Systems, Inc. stands at approximately $244.09.
A group of 14 analysts have provided their 12-month price forecasts for Cadence Design Systems Inc, with a median target of $249.00. The highest estimate for the target price is also $249.00. On average, the price target is $237.56.
Cadence Design Systems, Inc. operates on a global scale, offering software, hardware, services, and reusable integrated circuit (IC) design blocks.
