Rosenblatt Raises CDNS Price Target to $425

On October 27, 2026, Rosenblatt raised its price target on Cadence Design Systems, Inc. (CDNS) from $420 to $425 while maintaining a Buy rating. This adjustment reflects the firm's positive outlook for Cadence as it trades above its previous close of $322.17 from October 26, 2026.

CDNS Cadence Design Systems, Inc.

$322.17 ▲ +3.79% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Other Institutional Activity in Cadence Design Systems

Several other institutional investors have also made changes to their positions in Cadence. RMR Wealth Builders grew its holdings by 3,080 shares, bringing its total to 9,599 shares worth about $3.17 million. Van Eck Associates Corporation added 874,520 shares, totaling 4,889,765 shares valued at approximately $1.58 billion. Meanwhile, Capital International Investors increased its stake by 931,684 shares, ending with 4,886,202 shares worth about $1.57 billion. Local Pensions Partnership Investment reduced its holdings by 27,800 shares, leaving it with 575,028 shares valued at about $189.9 million.

Cadence Design Systems, Inc. Stock Up 8.4%

Cadence shares recently traded around $343.08, which is about 6.5% above the closing price of $322.17 from the previous day. While the stock is currently above both its 50-day and 200-day moving averages, it remains approximately 17.7% below its 52-week high of $416.69. The recent price is also about 15.5% below the average analyst target of $406.24.

Recent Earnings

Cadence reported trailing twelve-month revenue of approximately $5.84 billion, with a year-over-year growth rate of 24.2%. The company has a net margin of 23.6% and a return on equity of 23.2%. Its next earnings report is scheduled for February 18, 2027.

Insider Buying and Selling at Cadence Design Systems, Inc.

Several insiders have sold shares recently. Paul Scannell, an officer, sold 280 shares at an average price of $339.00 on August 26, 2026, totaling $94,920. Director Ita M Brennan sold 180 shares on September 10, 2026, valued at $51,392. Paul Alexander Cunningham, another officer, sold 2,000 shares at an average price of $277.12 on September 15, 2026, amounting to $554,240. Lastly, Director Vincentelli Alberto Sangiovanni sold 1,250 shares at an average price of $350.07 on October 1, 2026, totaling $437,590.

Analysts Set New Price Targets

On October 27, 2026, Rosenblatt maintained its Buy rating while raising its price target from $420 to $425. JP Morgan also maintained its Overweight rating with a new target of $420, up from $405. Baird kept its Outperform rating and raised its target to $440 from $420. Needham maintained a Buy rating with a new target of $430, up from $400. The average price target among analysts is $406.24, with 26 opinions collected.

About Cadence Design Systems

Cadence Design Systems, Inc. develops software and hardware products for computational design, focusing on the semiconductor and electronics industries. The firm is headquartered in San Jose, California, and employs over 15,000 people. This price target increase from Rosenblatt indicates strong confidence in the company's growth potential as it continues to expand in a competitive tech landscape.

Bottom Line

Investors should keep an eye on Cadence Design Systems as it approaches its next earnings report on February 18, 2027. With several analysts raising their price targets, the stock's performance in the coming weeks will be closely watched.