Investment Analysts’ Recent Ratings Updates for Cadence Design Systems (CDNS)

Several brokerages have updated their recommendations and price targets on shares of Cadence Design Systems (NASDAQ: CDNS) in the last few weeks:

• 8/1/2026 – Cadence Design Systems was upgraded by Wall Street Zen from “hold” to “buy”.
• 7/30/2026 – Cadence Design Systems was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 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.

Insiders Place Their Bets

In related news, CEO Anirudh Devgan sold 25,005 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $415.00, for a total transaction of $10,377,075.00. Following the transaction, the chief executive officer directly owned 253,519 shares in the company, valued at approximately $105,210,385. The trade was a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $387.45, for a total value of $69,741.00. Following the completion of the sale, the director owned 8,004 shares of the company’s stock, valued at $3,101,149.80. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 139,486 shares of company stock valued at $54,262,177. 0.49% of the stock is owned by company 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.