Cadence Design Systems Inc. experienced a notable dip in its stock price, declining 1.42% amid broader market movements.
On October 13, 2026, Cadence Design Systems Inc. (CDNS) saw its stock price decrease by 1.42%, closing at US$322.46. This decline was more pronounced than the broader market, suggesting specific challenges or shifts in investor sentiment affecting the company. Over the past week, the stock has dropped by 7.49%, while it has increased by 18.06% in the last month and 6.14% year-to-date.
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Cadence Design Systems Inc
CDNS.US
CDNS.US
Cadence Design Systems Inc
WealthAwesomeMarket cap
$90.73B
P/E
66.4x
52W high
$416.69
52W low
$262.75
1W change
-7.49%
Beta
1.13
Analyst Price Targets
Based on 25 analysts covering CDNS · as of Oct 8, 2026
Wall Street analysts forecast CDNS stock price to rise 23.3% over the next 12 months.
Consensus
Strong Buy4.64 / 5.00
Avg. Target
C$406.24
+23.3% Upside
Previously C$405.47 on Oct 5, 2026
Current Price
C$329.46
Last close
Analyst Breakdown (25 analysts)
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CDNS's historical volatility
30-Day Vol
38.6%
Annualized
90-Day Vol
38.4%
Annualized
Trend (90d)
-18.9%
Annualized drift
90d Mean
C$307.93
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$322.12 | C$281.95 – C$368.03 |
| 60 trading days | C$314.95 | C$260.87 – C$380.24 |
| 90 trading days | C$307.93 | C$244.48 – C$387.85 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should monitor Cadence Design Systems' performance and market reactions closely following this dip.
Cadence Design Systems' stock volume reached 934,999 shares, above its 20-day average.
The latest trading volume was 1.22 times higher than the 20-day average of 2,379,151 shares, signaling heightened trading activity.
Bull case
Despite the recent decline, Cadence's stock has increased by 18.06% over the past month, suggesting there’s potential for recovery.
Bear case
The stock's performance over the past week shows a decline of 7.49%, which raises concerns about investor confidence and market positioning.
What Happened
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Cadence Design Systems Inc. (CDNS) saw its stock price drop by 1.42% on October 13, 2026, closing at US$322.46. This decline was more significant compared to the broader market, indicating specific challenges for Cadence. The stock has fallen 7.49% over the past week, contrasting sharply with its 18.06% increase over the last month. Year-to-date, CDNS has gained 6.14%, suggesting that while there are short-term pressures, the overall trend for the year remains positive.
What the Numbers Show
The latest trading volume for Cadence was 934,999 shares, which is 1.22 times higher than the 20-day average volume of 2,379,151 shares. The stock is currently priced above its 50-day moving average of US$320.41 by 0.6% but below its 200-day moving average of US$326.94 by 1.4%. Cadence's stock is trading within 39% of its 52-week range of US$262.75 to US$416.69, indicating that it has room for growth despite recent volatility.
What to Watch Next
Investors should keep an eye on upcoming news related to Cadence Design Systems, particularly any developments that might impact its positioning in the technology sector. The average analyst target for CDNS is US$406.24, implying a potential upside of 26.0%. Additionally, monitoring the company’s profit margin of 23.6% and return on equity of 23.2% may provide further insights into its operational efficiency and long-term viability.
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