Cadence Design Systems stock holds near analyst targets after recent pullback

Published on 09/09/2026 at 15:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cadence Design Systems stock closed at USD 284.11 on the Nasdaq on September 8, 2026, after a 2.93 percent decline versus the broader market. Analysts currently see an average target price of USD 403.12, implying a more than 40 percent upside from that close.

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Cadence Design Systems stock (ISIN US12541W1027) ended the September 8, 2026 Nasdaq session at USD 284.11, down 2.93 percent from the prior close and underperforming the main United States equity indices on that day, according to a market wrap from Zacks on September 8, 2026.

Analyst targets frame upside for Cadence Design Systems stock

Analyst consensus data compiled by MarketScreener on September 9, 2026 show that 25 analysts currently rate Cadence Design Systems stock with a mean recommendation of Buy and an average target price of USD 403.12, compared with the last close of USD 284.11, implying a spread of about 41.89 percent to the consensus objective.

Within that consensus, several houses have updated their targets in recent weeks: according to the same MarketScreener overview dated September 9, 2026, Oppenheimer raised its price target to USD 300 from USD 275 while maintaining a Perform rating, Rosenblatt increased its target to USD 420 from USD 410 with a Buy rating, Morgan Stanley lifted its target to USD 400 from USD 370 with an Overweight stance, and Deutsche Bank moved its price target to USD 400 from USD 375 while keeping a Buy rating.

Recent trading move and macro context

In its September 8, 2026 commentary, Zacks reported that Cadence Design Systems closed at USD 284.11 after a daily decline of 2.93 percent, versus a 0.58 percent drop in the S&P 500 and a 0.32 percent decline in the Nasdaq Composite on the same trading day, meaning the stock fell more sharply than both the broad benchmark and the technology index.

The same Zacks piece on September 8, 2026 highlighted that investors in Cadence Design Systems are watching upcoming earnings expectations, with consensus forecasts pointing to USD 2.04 in earnings per share and USD 1.61 billion in revenue for the next reported quarter and full-year estimates of USD 8.12 in earnings per share and USD 6.31 billion in revenue, figures that underline growth expectations in the electronic design automation market but also set a bar the company needs to clear.

Stock level and valuation signal for investors

Per the Nasdaq listing under the ticker CDNS, Cadence Design Systems stock trades in United States dollars on the Nasdaq exchange; the last completed session on September 8, 2026 closed at USD 284.11, and, based on the analyst consensus data from MarketScreener on September 9, 2026, that level stands roughly 41.89 percent below the average target price of USD 403.12, indicating that analysts, on average, see room for upside if the company delivers on its earnings path.