Cadence Design Systems, Inc. (NASDAQ:CDNS) will release its second quarter earnings report after the closing bell on Monday, July 27.
Analysts expect the San Jose, California-based company to report quarterly earnings of $2.06 per share, up from $1.65 per share in the year-ago period. The consensus estimate for Cadence Design’s quarterly revenue is $1.58 billion. It reported $1.28 billion last year, according to Benzinga Pro.
On April 27, Cadence posted better-than-expected first-quarter earnings.
Cadence Design shares fell 1.3% to close at $326.24 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- Benchmark analyst Gary Mobley initiated coverage on the stock with a Buy rating and a price target of $450 on July 16, 2026. This analyst has an accuracy rate of 76%.
- Rosenblatt analyst Blair Abernethy maintained a Buy rating and increased the price target from $375 to $410 on July 14, 2026. This analyst has an accuracy rate of 67%.
- Stifel analyst Ruben Roy maintained a Buy rating and boosted the price target from $395 to $432 on June 9, 2026. This analyst has an accuracy rate of 88%.
- Wells Fargo analyst Joe Quatrochi maintained an Overweight rating and increased the price target from $400 to $425 on May 26, 2026. This analyst has an accuracy rate of 75%.
- Citigroup analyst Kelsey Chia maintained a Buy rating and raised the price target from $385 to $400 on April 29, 2026. This analyst has an accuracy rate of 71%.
Considering buying CDNS stock? Here’s what analysts think:
Photo via Shutterstock
Recent Comments