Cadence Design Systems, Inc. Stock 12‑Month Price Target Raised to $414.39, Implies 29% Upside

What happened

The average 12-month price target for Cadence Design Systems stock rose from $411.35 to $414.39, based on estimates from 23 analysts, with forecasts ranging from $300 to $470 per share. The consensus rating remains "Buy" across 28 covering analysts.

Confirmed

Global impact / market context

A higher average target means analysts collectively expect the stock to be worth more in a year, implying about 29% upside from the October 26 close. This matters because analyst targets can influence investor positioning, drawing buyers toward the stock, though targets are expectations, not promises.

Analyst inference

The consensus stays at "Buy," with 25 Buys, 3 Holds and no Sells across 28 analysts. That near-unanimous positive view suggests analysts see limited downside, but the wide $300 to $470 range shows they disagree on how much upside is realistic for the stock.

Analyst inference

What to watch

1. Watch whether the average target keeps rising from $414.39, since it already moved up from $411.35, and whether the forecast range of $300 to $470 narrows as analysts update views. Confirmed
2. Analysts could revise their ratings, so track whether any of the 25 Buys or 3 Holds shift, which would change the consensus "Buy" rating across the 28 covering analysts. Proposed
3. Because the implied 29% upside relies on the October 26 closing price, a higher or lower share price would change that upside figure, so compare the target with the current price rather than the old close. Analyst inference

Evidence

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