What Are Wall Street Analysts' Target Price for Cadence Design Systems Stock?

With a market cap of $81.6 billion, Cadence Design Systems, Inc. (CDNS) is a leading electronic design automation (EDA) software and semiconductor IP company that provides tools, hardware platforms, and intellectual property used to design, verify, and manufacture complex integrated circuits and electronic systems. Founded in 1988 and headquartered in San Jose, California, Cadence serves semiconductor, hyperscale computing, automotive, aerospace/defense, and consumer electronics customers worldwide.

Shares of this EDA giant have underperformed the broader market over the past year. CDNS has gained 1.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 12.9%. In 2026, CDNS stock is down 7.8%, compared to the SPX’s marginal dip on a YTD basis.