Rating Change
Benchmark analysts initiated coverage on Cadence Design Systems, Inc. (NASDAQ:CDNS) with a Buy rating on July 16, 2026.
new coverageNASDAQ:CDNS
Benchmark Initiates Coverage on Cadence Design Systems, Inc. (CDNS) with Buy
Rating Change Benchmark analysts initiated coverage on Cadence Design Systems, Inc. (NASDAQ:CDNS) with a Buy rating on July 16, 2026. Market Context Cadence Design Systems, Inc.
Market Context
Cadence Design Systems, Inc. operates in the Technology sector. The stock currently trades at $371.50 with a market capitalization of $91.3B. The stock has gained 12.9% over the past 52 weeks.
Analyst coverage from Benchmark 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: 10 Buy, 0 Hold, 0 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Jul 16, 2026 | Benchmark | Buy | N/A |
| Jul 14, 2026 | Rosenblatt | Buy | N/A |
| Jun 09, 2026 | Stifel | Buy | N/A |
| May 26, 2026 | Wells Fargo | Overweight | N/A |
| Apr 29, 2026 | Citigroup | Buy | N/A |
Related Tools: Analyst Ratings Dashboard | View CDNS Stock Page
Frequently Asked Questions
What does a Buy rating mean for CDNS?
A Buy rating from Benchmark reflects the analyst's outlook on Cadence Design Systems, Inc. (NASDAQ:CDNS). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the CDNS forecast page.
