Cadence Design Systems stock gains 4.12 percent to EUR 295.18

Published on 10/26/2026 at 16:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rosenblatt keeps a USD 420.00 target on October 23, 2026. Cadence Design Systems stock costs EUR 295.18, up 4.12 percent versus Xetra close.

Price and analyst signals

Cadence Design Systems stock gained 4.12 percent on October 26, 2026.
Rosenblatt maintained a Buy rating and a USD 420.00 target on October 23, 2026.
Cadence Design Systems stock cost EUR 295.18 at Lang & Schwarz on October 26, 2026 at 4:32 p.m. CET, 4.12 percent above the Xetra close of October 23, 2026.

Cadence Design Systems, US1273871087, Illustration mit AI erstellt.

Cadence Design Systems (ISIN US1273871087) was trading at EUR 295.18 at Lang & Schwarz on October 26, 2026 at 4:32 p.m. CET, up 4.12 percent versus the Xetra close of October 23, 2026 at EUR 283.50. The price move is the strongest market signal for investors in the electronic design automation company. TradingView reported that Rosenblatt maintained its Buy rating and a USD 420.00 price target on October 23, 2026.

Rosenblatt keeps USD 420 target

The analyst call gives the rally a separate valuation benchmark, although the target is stated in U.S. dollars and is not combined with the euro quotation. The Rosenblatt note also pointed to 18.00 percent year-over-year growth in Cadence's core electronic design automation business during the second quarter and a USD 8.10 billion backlog, according to TradingView.

Stock remains below yearly high

The Nasdaq-listed stock was quoted at USD 316.49 on October 23, 2026, while its 52-week range ran from USD 262.75 to USD 416.69, according to MarketBeat. That leaves the home-market quotation below the upper end of the yearly range even as the German euro quotation advances sharply on October 26.

Revenue growth meets high valuation

Cadence reported USD 1.58 billion of revenue for the second quarter of 2026, up 24.20 percent from the prior-year quarter. Net income reached USD 367.08 million and diluted earnings per share were USD 1.33 for the same period. Yahoo Finance also cited adjusted second-quarter earnings per share of USD 2.11 and a non-GAAP operating margin of 45.50 percent.

MarketBeat reported a market capitalization of USD 87.16 billion and a price-to-earnings ratio of 62.92 on October 23, 2026. The combination of 24.20 percent quarterly revenue growth and a valuation above 60 times earnings leaves future results and margin delivery central to the stock's next test.

Price closes the market picture

Cadence Design Systems stock stood at EUR 295.18 at Lang & Schwarz on October 26, 2026 at 4:32 p.m. CET, 4.12 percent above the Xetra close of October 23, 2026 at EUR 283.50. The Nasdaq quotation was USD 316.49 on October 23, 2026. The further course of trading is shown by the continuously updated real-time quote of Cadence Design Systems stock.