Cadence Design Systems: The Market Is Paying Up, But The Earnings Path Still Works

I rate Cadence Design Systems a Buy with a $460 price target, reflecting 37% upside potential from the current level of $379. My growth drivers are agentic AI inside core EDA, semiconductor IP tied to memory and interconnect, SDA after Hexagon, and steady EPS support from buybacks and acquisition accretion. I assume these growth drivers can support the EPS to move from the current $7.90 to a 2028 adjusted EPS estimate of $10.07.

Seeking Alpha • 15 hours ago

Here's Why Cadence Design Systems (CDNS) Fell More Than Broader Market

In the closing of the recent trading day, Cadence Design Systems (CDNS) stood at $379.06, denoting a -2.57% move from the preceding trading day.

Zacks Investment Research • 4 hours ago

Semiconductor Stock Sees More Records on Analyst Backing

Shares of semiconductor name Credo Technology Group Holding Ltd (NASDAQ:CRDO) are surging 10.3% at $299.88 this morning, enjoying the fruits of several bull notes.

Schaeffers Research • 14 hours ago

Is Cadence (CDNS) a Buy as Wall Street Analysts Look Optimistic?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Zacks Investment Research • Jun 22, 2026

Here is What to Know Beyond Why Cadence Design Systems, Inc. (CDNS) is a Trending Stock

Zacks.com users have recently been watching Cadence (CDNS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Zacks Investment Research • Jun 17, 2026

Cadence Design Systems (CDNS) Beats Stock Market Upswing: What Investors Need to Know

In the most recent trading session, Cadence Design Systems (CDNS) closed at $394.45, indicating a +2.47% shift from the previous trading day.

Zacks Investment Research • Jun 15, 2026

Semiconductor ETFs Now Dominate the Most‑Traded List — A Signal You Can't Ignore

The semiconductor rally has continued to act as a trader's playground. In a recent comment on X, Eric Balchunas, a senior ETF analyst, remarked on a snapshot of his that half of the most-traded ETFs on that day (that was at the start of June) were related to the semiconductor industry.

24/7 Wall Street • Jun 15, 2026

Cadence Design Systems: The Software Version Of An AI Bottleneck

Cadence is emerging as the most obvious AI winner among software names, benefiting from surging demand rather than disruption. Cadence sits in an EDA duopoly where AI is a demand driver, not a disruptor: its tools are now ~11% of customers' chip-design R&D (up from ~7%), and it's new. The clean operator in the duopoly, Cadence, is compounding (~19% revenue, ~25% EPS growth, record $8B backlog) while Synopsys digests its $35B Ansys deal with earnings down year over year.

Seeking Alpha • Jun 10, 2026

Cadence Design Systems, Inc. (CDNS) Presents at 54th Nasdaq & Jefferies Investor Conference Transcript

Cadence Design Systems, Inc. (CDNS) Presents at 54th Nasdaq & Jefferies Investor Conference Transcript

Seeking Alpha • Jun 9, 2026

Semiconductor shorts pile on as winning trade reverses

Investors' favorite trade is suddenly the one they can't stop betting against.

CNBC • Jun 9, 2026