Cadence Design Systems, Inc. Stock 12‑Month Price Target Raised to $408.27, Implies 21% Upside

Cadence Design Systems, Inc. (CDNS) has seen its average 12-month price target increase to $408.27 from $401.41, according to 22 analysts, implying a 21% potential upside based on the latest closing price. The consensus rating for the stock remains "Buy," with 23 analysts recommending a Buy and 4 a Hold.