Weekly Analysts’ Ratings Updates for Cadence Design Systems (CDNS)

A number of firms have modified their ratings and price targets on shares of Cadence Design Systems (NASDAQ: CDNS) recently:

• 7/29/2026 – Cadence Design Systems had its “overweight” rating reaffirmed by Morgan Stanley. They now have a $400.00 price target on the stock.
• 7/28/2026 – Cadence Design Systems had its “buy” rating reaffirmed by Benchmark Co..
• 7/28/2026 – Cadence Design Systems had its “market perform” rating reaffirmed by Oppenheimer Holdings, Inc.. They now have a $300.00 price target on the stock.
• 7/28/2026 – Cadence Design Systems had its “overweight” rating reaffirmed by KeyCorp.
• 7/28/2026 – Cadence Design Systems had its price target raised by Citigroup Inc. from $400.00 to $420.00. They now have a “buy” rating on the stock.
• 7/28/2026 – Cadence Design Systems had its price target raised by Bank of America Corporation from $400.00 to $420.00. They now have a “buy” rating on the stock.
• 7/28/2026 – Cadence Design Systems had its price target raised by Rosenblatt Securities from $410.00 to $420.00. They now have a “buy” rating on the stock.
• 7/28/2026 – Cadence Design Systems had its price target raised by Piper Sandler from $325.00 to $349.00. They now have a “neutral” rating on the stock.
• 7/28/2026 – Cadence Design Systems had its “buy” rating reaffirmed by Needham & Company LLC. They now have a $400.00 price target on the stock.
• 7/28/2026 – Cadence Design Systems had its price target raised by Robert W. Baird from $415.00 to $420.00. They now have an “outperform” rating on the stock.
• 7/15/2026 – Cadence Design Systems is now covered by Benchmark Co.. They set a “buy” rating and a $450.00 price target on the stock.
• 7/15/2026 – Cadence Design Systems was upgraded by Benchmark Co. to “strong-buy”.
• 7/14/2026 – Cadence Design Systems had its price target raised by Rosenblatt Securities from $375.00 to $410.00. They now have a “buy” rating on the stock.
• 7/2/2026 – Cadence Design Systems had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 6/9/2026 – Cadence Design Systems had its price target raised by Stifel Nicolaus from $395.00 to $432.00. They now have a “buy” rating on the stock.

Insider Buying and Selling at Cadence Design Systems

In other news, Director James D. Plummer sold 1,511 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $381.34, for a total transaction of $576,204.74. Following the sale, the director directly owned 23,264 shares in the company, valued at $8,871,493.76. This represents a 6.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 7,081 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $393.91, for a total transaction of $2,789,276.71. Following the completion of the sale, the vice president directly owned 32,181 shares in the company, valued at approximately $12,676,417.71. The trade was a 18.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 145,557 shares of company stock worth $56,375,287. 0.49% of the stock is owned by corporate insiders.

Cadence Design Systems, Inc (NASDAQ: CDNS) is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company’s offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.