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Cadence Design Systems Inc. (CDNS) has seen a notable uptick in its stock price, reflecting positive market sentiment.
Cadence Design Systems Inc. is rising today, with shares up 1.33% to close at CA$284.50. This movement comes amidst growing optimism surrounding its recent collaborations in the automotive sector and advancements in AI-driven design tools.
Investor takeaway: Investors should consider the implications of Cadence's strategic partnerships and their potential to drive long-term growth in the AI and automotive markets.
Cadence Design Systems Inc
CDNS.US
CDNS.US
Cadence Design Systems Inc
WealthAwesomeMarket cap
$87.78B
P/E
63.6x
52W high
$416.69
52W low
$262.75
1W change
-2.43%
Beta
1.10
Analyst Price Targets
Based on 24 analysts covering CDNS · as of Nov 2, 2026
Wall Street analysts forecast CDNS stock price to rise 28.7% over the next 12 months.
Consensus
Strong Buy4.67 / 5.00
Avg. Target
C$411.76
+28.7% Upside
Current Price
C$319.92
Last close
Analyst Breakdown (24 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
44.3%
Annualized
90-Day Vol
42.7%
Annualized
Trend (90d)
-5.0%
Annualized drift
90d Mean
C$314.23
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$318.01 | C$272.90 – C$370.58 |
| 60 trading days | C$316.12 | C$254.62 – C$392.47 |
| 90 trading days | C$314.23 | C$241.08 – C$409.57 |
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.
Market Cap Reaches CA$77.32 Billion
With a market cap of CA$77.32 billion, Cadence is positioned as a key player in the AI and electronic design automation sectors, reflecting strong investor confidence.
Bull case
The recent collaboration with Analog Devices on the SHARC-FX automotive audio processors highlights Cadence's focus on integrating AI into its products. This partnership not only boosts Cadence's standing in the automotive market but also meets the rising demand for AI-driven solutions across various sectors.
Bear case
Despite these positive developments, investors should stay alert to geopolitical and regulatory risks that could affect Cadence's global operations and customer base.
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