Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $305.71, with a high estimate of $341.00 and a low estimate of $225.00. Observing a downward trend, the current average is 3.41% lower than the prior average price target of $316.50.

Cadence Design Systems (CDNS) was in focus on Wednesday as Oppenheimer started coverage on the software company with an Underperform rating. Read for more.

Fintel reports that on September 25, 2024, Oppenheimer initiated coverage of Cadence Design Systems (NasdaqGS:CDNS) with a Underperform recommendation. Analyst Price Forecast Suggests 21.43% Upside As of September 25,