Cadence Design Systems consensus stays robust, shares priced for strong AI demand

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-26, 10:58.

Cadence Design Systems (US12541W1027) sits in the NASDAQ technology cohort with analysts expecting another quarter of double-digit growth. The next earnings release is framed by consensus estimates for revenue of about $1.58 billion and earnings per share around $2.05, according to Zacks.

What Zacks highlights on Cadence

In a recent note, Zacks reported that Cadence Design Systems closed a latest session at $368.23, down 1.12 percent on the day compared with a 0.01 percent decline in the S&P 500, underscoring the stock’s sensitivity within the broader US benchmark environment. Zacks commentary on Cadence

Zacks also pointed to expectations for the upcoming quarter of earnings per share of $2.05 and revenue of $1.58 billion, which would represent year-on-year increases of roughly 24 percent and 24 percent respectively for the chip-design software specialist. Zacks consensus figures for the next quarter

Analyst ratings and AI-exposed peer context

Beyond near-term earnings, the consensus picture on Cadence Design Systems remains constructive: MarketBeat data show fourteen analysts with Buy ratings and three with Hold, translating into a "Moderate Buy" average rating and a consensus price target around $386.59 per share, positioning the stock among AI-exposed software names such as Synopsys and Ansys. MarketBeat analyst consensus snapshot

Within that coverage universe, Rosenblatt Securities reiterates a Buy rating and a $360 price target, while investors continue to group Cadence with other picks-and-shovels AI beneficiaries whose tools underpin data center and semiconductor design spending trends, according to the same MarketBeat overview. MarketBeat note on Rosenblatt view

The software behind the stock

Cadence Design Systems generates revenue primarily from its electronic design automation software suites that help semiconductor and system companies design, verify and implement complex integrated circuits and systems-on-chip, complemented by hardware emulation platforms and related services for AI, 5G and automotive applications.

Where the shares trade today

The Cadence Design Systems shares (US12541W1027) are listed on NASDAQ under the ticker CDNS; as of the latest available close referenced by Zacks, they traded at $368.23 per share in US dollars.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, a recommendation or a solicitation to buy or sell any securities. Investors should conduct their own research or consult a qualified financial adviser before making investment decisions.