Cadence Design Systems, Inc.

NASDAQ Global Select
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Bullish +75

Wells Fargo Remains a Buy on Cadence Design (CDNS)

AI-generated analysis

📈 Wells Fargo analyst Joseph Quatrochi maintains a Buy rating on Cadence Design (CDNS) with a price target of $425.00.

📊 The Street consensus suggests a Strong Buy rating for CDNS with an average price target of $381.69.

💰 Cadence reported quarterly revenue of $1.47 billion and net profit of $335.66 million for the quarter ending March 31.

📈 Revenue grew from $1.24 billion last year, while net profit increased from $273.58 million in the prior year.

👤 Corporate insider sentiment is neutral based on activity from 103 insiders as of March 2026.

💸 Director Moshe Gavrielov recently sold 25 shares for a total of $7,898.00 in March 2026.

⭐ Analyst Joseph Quatrochi holds a 5-star rating with an average return of 33.3% and a 72.20% success rate.

🔍 Quatrochi covers the Technology sector including ARM Holdings, NXP Semiconductors, and Analog Devices.

🤖 Cadence Design recently announced a fully autonomous virtual agentic AI design engineer.

📈 Berenberg raised its price target for CDNS to $440 from $400.

🏛️ Shareholders have reaffirmed board and governance measures at the company.

👁️ Aeva has adopted Cadence Tensilica Vision DSP technology.

Bullish Signals
  • Wells Fargo analyst Joseph Quatrochi maintained a Buy rating on Cadence Design (CDNS) with a price target of $425.00.
  • The Street consensus suggests a Strong Buy rating for Cadence Design with an average price target of $381.69.
  • Cadence Design reported quarterly revenue of $1.47 billion, representing growth from last year's $1.24 billion.
  • Net profit increased to $335.66 million compared to $273.58 million in the same period last year.
  • Berenberg raised its price target for Cadence Design to $440 from $400.
  • Wells Fargo raised its price target for Cadence Design to $425 from $400.
  • Cadence Design announced a fully autonomous virtual agentic AI design engineer, highlighting innovation in the sector.
  • Cadence Design's latest earnings release showed revenue growth of approximately 18.6% year-over-year.
  • Net profit grew by approximately 22.7% compared to the previous year.
  • Multiple analysts including Wells Fargo and Berenberg have increased their price targets on the stock.
  • The company is advancing AI capabilities with a fully autonomous virtual agentic AI design engineer.
Risk Factors
  • Corporate insider sentiment is neutral, highlighted by Director Moshe Gavrielov selling 25 shares in March 2026 for approximately $7,900.
Full Analysis
Wells Fargo analyst Joseph Quatrochi maintained a Buy rating on Cadence Design Systems (CDNS) with a price target of $425.00, while the broader Street consensus suggests a Strong Buy rating with an average price target of $381.69. Berenberg recently raised its price target to $440 from $400, and Quatrochi previously raised his target to $425 from $400. The analyst highlighted Cadence's latest earnings for the quarter ending March 31, which showed quarterly revenue of $1.47 billion and a net profit of $335.66 million, compared to last year's revenue of $1.24 billion and net profit of $273.58 million. Corporate insider sentiment is currently neutral based on activity from 103 insiders, with the most recent notable transaction being Director Moshe Gavrielov selling 25 shares in March 2026 for approximately $7,900.