Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 14, 2026
Last 12 months price action with 12-month analyst target path
As of February 20, 2026, Cadence Design Systems, Inc. (CDNS) has a Wall Street consensus price target of $382.17, based on estimates from 30 covering analysts. With the stock currently trading at $305.01, this represents a potential upside of +25.3%. The company has a market capitalization of $83.53B.
Analyst price targets range from a low of $275.00 to a high of $418.00, representing a 37% spread in expectations. The median target of $402.50 differs from the mean, suggesting potential outlier estimates.
The current analyst consensus rating is Buy, with 24 analysts rating the stock as a Buy or Strong Buy,5 rating it Hold, and 1 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, CDNS trades at a trailing P/E of 79.2x and forward P/E of 37.9x. The forward PEG ratio of 21.66 reflects a premium valuation. Analysts expect EPS to grow +107.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $528.29, with bear and bull scenarios of $191.74 and $555.50 respectively. Model confidence stands at 80/100, indicating high predictability in the company's fundamentals.
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Start ComparisonThe consensus Wall Street price target for CDNS is $382.17, representing 25.3% upside from the current price of $305.01. With 30 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
CDNS has a consensus rating of "Buy" based on 30 Wall Street analysts. The rating breakdown is predominantly bullish, with 24 Buy/Strong Buy ratings. The consensus 12-month price target of $382.17 implies 25.3% upside from current levels.
At a forward P/E of 37.9139x, CDNS trades at a premium valuation. The consensus price target of $382.17 (25.3% upside) suggests analysts still see growth justifying the multiple.
The most bullish Wall Street analyst has a price target of $418 for CDNS, while the most conservative target is $275. The consensus of $382.17 represents the median expectation. Our quantitative valuation model projects a bull case target of $556 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
CDNS is heavily covered by Wall Street, with 30 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 24 have Buy ratings, 5 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month CDNS stock forecast based on 30 Wall Street analysts shows a consensus price target of $382.17, with estimates ranging from $275 (bear case) to $418 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $528, with bear/bull scenarios of $192/$556.
Our quantitative valuation model calculates CDNS's fair value at $528 (base case), with a bear case of $192 and bull case of $556. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 80/100.
CDNS trades at a forward P/E ratio of 37.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 79.2x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on CDNS, with a "Buy" consensus rating and $382.17 price target (25.3% upside). 24 of 30 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
CDNS analyst price targets range from $275 to $418, a 37% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $382.17 consensus represents the middle ground. Our model's $192-$556 range provides an independent fundamental perspective.