Cadence Design Systems Inc saw a decline of 1.25% in its stock price, underperforming the market.
On October 12, 2026, Cadence Design Systems Inc (CDNS) experienced a decline of 1.25%, closing at US$336.71. This performance is worse than the broader market and follows a week where the stock dropped 1.43%. However, it has increased by 20.41% over the past month and 12.25% year-to-date.
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Cadence Design Systems Inc
CDNS.US
CDNS.US
Cadence Design Systems Inc
WealthAwesomeMarket cap
$97.17B
P/E
70.1x
52W high
$416.69
52W low
$262.75
1W change
-1.43%
Beta
1.13
Analyst Price Targets
Based on 25 analysts covering CDNS · as of Oct 8, 2026
Wall Street analysts forecast CDNS stock price to rise 16.6% over the next 12 months.
Consensus
Strong Buy4.64 / 5.00
Avg. Target
C$406.24
+16.6% Upside
Previously C$405.47 on Oct 5, 2026
Current Price
C$348.42
Last close
Analyst Breakdown (25 analysts)
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CDNS's historical volatility
30-Day Vol
43.3%
Annualized
90-Day Vol
41.4%
Annualized
Trend (90d)
+22.7%
Annualized drift
90d Mean
C$377.81
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$357.95 | C$308.30 – C$415.60 |
| 60 trading days | C$367.75 | C$297.74 – C$454.21 |
| 90 trading days | C$377.81 | C$291.71 – C$489.31 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should note the stock's recent decline amidst a generally positive performance trend over the past month.
530,947 Shares Traded on October 12, 2026
This trading volume was significantly lower than the 20-day average of 2,446,332 shares, indicating reduced investor interest.
Bull case
Cadence's stock has shown strong recovery potential, with a notable increase of 20.41% in the last month. This suggests that despite the recent dip, there is optimism about its future performance.
Bear case
The stock's decline and lower trading volume compared to its 20-day average may raise concerns among investors. A drop in trading activity can often signal diminished interest, which could lead to further volatility.
Stock Performance Overview
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Cadence Design Systems Inc (CDNS) closed at US$336.71 on October 12, 2026, reflecting a decline of 1.25% for the day. Over the past week, the stock has decreased by 1.43%. Despite this recent downturn, Cadence has shown a notable increase of 20.41% over the past month and a year-to-date gain of 12.25%. The stock is currently positioned at 48% of its 52-week range, which spans from US$262.75 to US$416.69.
Trading Volume Insights
On October 12, Cadence recorded a trading volume of 530,947 shares, which is significantly lower than its 20-day average volume of 2,446,332 shares. This represents only 0.53 times the average volume, indicating a lack of trading activity and possibly signaling diminished investor interest. Such a drop in volume can often precede further volatility, making it a point of observation for investors.
Future Considerations for Investors
In terms of valuation, Cadence has a price-to-earnings (P/E) ratio of 70.15, reflecting a premium valuation compared to many peers in the Information Technology sector. The average analyst target for the stock stands at US$406.24, suggesting an implied upside of 20.6% from the current price. Investors should keep an eye on upcoming earnings reports and market sentiment, as these factors could influence future stock performance.
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