85/100BCadence Design Systems stock forecast 2026–2030
Analysts' average 12-month price target for Cadence Design Systems is 405.08, 26.6% above the current price of 319.86. Their targets range from 300.00 to 450.00.
Of the 11 firms that rated Cadence Design Systems in the past 12 months, 10 rate it buy or strong buy, 1 hold and 0 sell or strong sell (each firm at its latest rating): a Strong buy consensus.
Analysts' 1-year price targets range from 300.00 to 450.00, with an average of 405.08.
| Strong buy | 0 | |
| Buy | 10 | |
| Hold | 1 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 450.00 |
| Average target | 405.08 |
| Lowest target | 300.00 |
| Current price | 319.86 |
Cadence Design Systems price target history
Have analysts recently raised or lowered their Cadence Design Systems price target and rating?
How analysts rate Cadence Design Systems, month by month
10 of 11 firms rate it buy now, against 9 of 12 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Cadence Design Systems analyst upgrades, downgrades and price targets
The latest rating change came on 18 February 2026, when Rosenblatt upgraded Cadence Design Systems from Neutral to Buy. The most recent new target came from Mizuho Securities on 27 October 2026: 400.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 27 Oct 2026 | Mizuho Securities Siti Panigrahi | — | 400.00 | — | 322.17 |
| 27 Oct 2026 | Robert W. Baird | — | 420.00 → 440.00 | +4.8% | 322.17 |
| 27 Oct 2026 | Needham Charles Shi | Reiterated · Buy | 430.00 | — | 322.17 |
| 7 Oct 2026 | Deutsche Bank | — | 420.00 | — | 356.34 |
| 11 Sept 2026 | FBN Securities | — | 375.00 | — | 284.95 |
| 29 Jul 2026 | Morgan Stanley | — | 370.00 → 400.00 | +8.1% | 344.72 |
| 28 Jul 2026 | Oppenheimer | — | 275.00 → 300.00 | +9.1% | 338.61 |
| 28 Jul 2026 | Piper Sandler Clarke Jeffries | Reiterated · Neutral | 355.00 → 349.00 | -1.7% | 338.61 |
| 28 Jul 2026 | Robert W. Baird | — | 385.00 → 420.00 | +9.1% | 338.61 |
| 15 Jul 2026 | Benchmark Co. | — | 450.00 | — | 371.50 |
| 9 Jun 2026 | Stifel Nicolaus | Reiterated · Buy | 395.00 → 432.00 | +9.4% | 394.24 |
| 27 May 2026 | Berenberg Bank Nay Soe Naing | — | 400.00 → 440.00 | +10.0% | 381.75 |
| 26 May 2026 | Wells Fargo | Reiterated · Overweight | 375.00 → 425.00 | +13.3% | 373.59 |
| 28 Apr 2026 | Robert W. Baird Joe Vruwink | — | 418.00 → 385.00 | -7.9% | 336.54 |
| 28 Apr 2026 | KeyBanc | Reiterated · Overweight | 405.00 → 425.00 | +4.9% | 336.54 |
| 18 Feb 2026 | Stifel Nicolaus Ruben Roy | — | 395.00 | — | 309.30 |
| 18 Feb 2026 | Morgan Stanley | Reiterated · Overweight | 370.00 | — | 283.46 |
| 18 Feb 2026 | Wells Fargo Joe Quatrochi | Reiterated · Overweight | 410.00 → 375.00 | -8.5% | 283.46 |
| 18 Feb 2026 | Rosenblatt | Upgraded · Neutral → Buy | — | — | — |
| 1 Dec 2025 | Oppenheimer Edward Yang | — | 275.00 | — | 309.87 |
Cadence Design Systems EPS and revenue estimates
Analysts expect Cadence Design Systems's EPS to grow 41.1% a year until 2028, faster than over the last 5 years (14.0% a year) and the last 3 years (9.5%).
Analysts expect Cadence Design Systems's revenue to grow 15.9% a year until 2028, about as fast as over the last 5 years (14.6% a year) and the last 3 years (14.1%).
Revenue
EPS
Does Cadence Design Systems beat earnings estimates?
On average, analysts' EPS estimate was 4.9% off the result, either way, and their revenue estimate 1.2%, over the last 12 quarters.
- EPS beats
- 109 / 132
- Revenue beats
- 97 / 107
- Average EPS surprise, last 12
- +4.9%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 26 Oct 2026 | 2.05 | 2.11 | +2.9% | 1.61B | 1.63B | +1.3% |
| Q2 FY2026 | 27 Jul 2026 | 2.05 | 2.11 | +2.9% | 1.58B | 1.58B | +0.5% |
| Q1 FY2026 | 27 Apr 2026 | 1.91 | 1.96 | +2.6% | 1.46B | 1.47B | +1.2% |
| Q4 FY2025 | 17 Feb 2026 | 1.91 | 1.99 | +4.2% | 1.42B | 1.44B | +1.1% |
| Q3 FY2025 | 27 Oct 2025 | 1.79 | 1.93 | +7.8% | 1.32B | 1.34B | +1.2% |
| Q2 FY2025 | 28 Jul 2025 | 1.56 | 1.65 | +5.8% | 1.25B | 1.28B | +2.0% |
| Q1 FY2025 | 28 Apr 2025 | 1.49 | 1.57 | +5.4% | 1.24B | 1.24B | +0.2% |
| Q4 FY2024 | 18 Feb 2025 | 1.82 | 1.88 | +3.3% | 1.35B | 1.36B | +0.7% |
| Q3 FY2024 | 28 Oct 2024 | 1.46 | 1.64 | +12.3% | 1.18B | 1.22B | +2.9% |
| Q2 FY2024 | 22 Jul 2024 | 1.23 | 1.28 | +4.1% | 1.04B | 1.06B | +1.7% |
| Q1 FY2024 | 22 Apr 2024 | 1.13 | 1.17 | +3.5% | 1.00B | 1.01B | +0.7% |
| Q4 FY2023 | 12 Feb 2024 | 1.33 | 1.38 | +3.8% | 1.06B | 1.07B | +0.7% |
Cadence Design Systems stock price 2026–2030: scenarios
If Cadence Design Systems's earnings keep growing at the 16.9% a year analysts expect to FY2028, it would earn about 15.57 a share in FY2030. At the P/E it has traded at over the last five years (51.3 to 77.2) that is 799.32 to 1,202.95 a share, or 1,086.83 at its average P/E of 69.8. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 8.41 | 431.51 | 586.71 | 649.40 |
| FY2027 | 9.85 | 505.72 | 687.62 | 761.09 |
| FY2028 | 11.40 | 585.11 | 795.57 | 880.57 |
| FY2029 (extrapolated) | 13.33 | 683.88 | 929.86 | 1,029.21 |
| FY2030 (extrapolated) | 15.57 | 799.32 | 1,086.83 | 1,202.95 |
Each year's EPS is the analysts' consensus to FY2028; the years after continue its 16.9% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (51.3, 69.8, 77.2).
Is Cadence Design Systems stock undervalued or overvalued?
Cadence Design Systems's P/E of 63.2 is below the middle of its 5-year range (49.3 to 100.3, median 71.6). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Buyers pay less for each point of growth than usual: a PEG of 1.5 on expected growth against 5.1 on its median P/E and past five years' growth. Growing 41.1% a year, Cadence Design Systems earns a P/E of 25.0 at a PEG of 1 (at most 25): × the next twelve months' EPS of 9.64, a fair value of 240.99; the price, 319.86, is 32.7% above it. Its forward P/E, on the consensus for FY2026, is 38.0.
Fair value on growth is a P/E equal to the EPS growth analysts expect a year (a PEG of 1, at most 25) times the earnings per share of the next twelve months; the ends of the bar are a PEG of 0.75 and 1.25 (a P/E of 18.8 and 31.3). The price against its P/E range
- Price to earnings ratio (TTM)
- 63.21
- Five-year median P/E
- 71.64
- Five-year P/E range
- 49.3 – 100.3
- Forward P/E (FY2026)
- 38.04
- PEG ratio
- 3.74
- To the average target
- +26.6%
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