Baird Reiterates Outperform Rating on Cadence Design Systems, Inc. (CDNS)

Market Context

Cadence Design Systems, Inc. operates in the Technology sector. The stock currently trades at $344.72 with a market capitalization of $91.3B. The stock has gained 7.5% over the past 52 weeks.

Analyst coverage from Baird provides professional research and price targets that many institutional investors reference when making allocation decisions. The consensus of analyst opinions — along with the range of price targets — helps frame market expectations for Cadence Design Systems, Inc..

Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.

Recent Analyst Activity for Cadence Design Systems, Inc.

Among the 10 most recent ratings: 9 Buy, 1 Hold, 0 Sell.

Date	Firm	Rating	Price Target
Jul 28, 2026	Piper Sandler	Neutral	N/A
Jul 28, 2026	Needham	Buy	N/A
Jul 28, 2026	B of A Securities	Buy	N/A
Jul 28, 2026	Rosenblatt	Buy	N/A
Jul 28, 2026	Citigroup	Buy	N/A

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