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CDNS // Cadence Design Systems Inc.

ANR <GO> NASDAQ RQD COCKPIT → CIK 0000813672 ↗
Technology • Computer Software: Prepackaged Software
$327.89 ▼ -14.86 (-4.34%)
MKT CAP: $94.04B • VOL: 2.07M
CONSENSUS RATING DISTRIBUTION (40 DESKS)
BUY: 30 HOLD: 8 SELL: 2
12M STREET TARGET RANGE IMPLIED: +14.0%
LOW
$275
MEDIAN
$367
MEAN
$374
HIGH
$446
STREET BS CREDIBILITY SCORE 1Y BACKTESTED
68/100 EMPIRICAL HIT RATE VS SPOT
GRADES WHETHER SELL-SIDE TARGET REVISIONS LEAD OR CHASE CDNS TAPE
CDNS // FIRM-BY-FIRM ANALYST BACKTEST & BS DETECTOR (ANR <GO>) CURRENT 90D STREET CONSENSUS
INSTITUTION / ANALYST ACTION RATING TARGET PRIOR PT CALL DATE PX AT CALL RET SINCE CALL 1Y ACCURACY BS GRADE
Morgan Stanley Institutional
Equity Desk
REITERATE OUTPERFORM $396.75 $377.07 2025-02-14 $298.38 +9.9% 78% A
Goldman Sachs Global Research
Sector Coverage
TARGET REV STRONG BUY $413.14 $386.91 2025-02-06 $308.22 +6.4% 74% A
J.P. Morgan Securities
US Large Cap
REITERATE BUY $373.79 $360.68 2025-01-29 $314.77 +4.2% 67% B
Bernstein Autonomous
Forensic Coverage
INITIATE HOLD $334.45 — 2025-01-17 $321.33 +2.0% 61% B
Barclays Capital
Americas Research
DOWNGRADE UNDERPERFORM $288.54 $311.50 2025-01-09 $291.82 -11.2% 42% D
UBS Investment Bank
Institutional Desk
UPGRADE BUY $390.19 $341.01 2024-12-18 $285.26 +14.9% 72% A
Citigroup Global Markets
Sector Lead
TARGET REV HOLD $318.05 $331.17 2024-12-04 $304.94 -4.3% 48% C