Cadence Design Systems Inc saw a gain of 1.72% amid broader market movements.
Cadence Design Systems Inc (CDNS.US) outperformed the stock market today, closing at US$357.18. This marks a 10.91% increase over the past week and a notable 22.84% rise over the past month. Year-to-date, the stock has gained 15.83%, showing strong momentum.
Advertisement
Cadence Design Systems Inc
CDNS.US
CDNS.US
Cadence Design Systems Inc
WealthAwesomeMarket cap
$99.02B
P/E
70.2x
52W high
$416.69
52W low
$262.75
1W change
+10.91%
Beta
1.13
Analyst Price Targets
Based on 25 analysts covering CDNS · as of Oct 5, 2026
Wall Street analysts forecast CDNS stock price to rise 12.8% over the next 12 months.
Consensus
Strong Buy4.64 / 5.00
Avg. Target
C$405.47
+12.8% Upside
Current Price
C$359.55
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
46.2%
Annualized
90-Day Vol
44.7%
Annualized
Trend (90d)
-20.9%
Annualized drift
90d Mean
C$333.66
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$350.70 | C$299.02 – C$411.31 |
| 60 trading days | C$342.07 | C$273.03 – C$428.58 |
| 90 trading days | C$333.66 | C$253.15 – C$439.76 |
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.
Advertisement
Investor takeaway: Cadence Design Systems continues to perform well, with a significant increase in its stock price over the past month.
Cadence Design Systems' Stock Rises 1.72% Today
The last close for CDNS was US$357.18, a significant increase from its 50-day moving average of US$319.56.
Bull case
The company has experienced a 22.84% increase in stock price over the past month, reflecting strong investor confidence.
Bear case
Despite today's gains, trading volume was only 456,652 shares, which is much lower than the 20-day average of 2,689,270 shares. This suggests that investors may be exercising caution, even with the positive stock price movement.
Cadence Design Systems Gains 1.72%
Advertisement
Cadence Design Systems Inc saw its stock price increase by 1.72% today, closing at US$357.18. This gain is part of a broader trend where the company has experienced a 10.91% increase over the past week and a substantial 22.84% rise in the last month. Year-to-date, the stock has risen 15.83%, demonstrating consistent upward momentum. The stock's performance is notably within 61% of its 52-week range of US$262.75 to US$416.69.
Trading Volume Below Average
Today's trading volume for Cadence was 456,652 shares, which is only 0.59 times the 20-day average volume of 2,689,270 shares. This lower trading activity may indicate a more cautious approach from investors, despite the positive movement in stock price. The stock is currently trading above its 50-day moving average of US$319.56 by 11.8% and also above its 200-day moving average of US$326.10 by 9.5%, indicating a strong bullish trend in the longer term.
Strong Fundamentals Support Growth
Cadence Design Systems maintains a strong market cap of approximately US$99 billion and a P/E ratio of 70.22. With a profit margin of 23.6% and a return on equity of 23.2%, the company's fundamentals appear solid. Additionally, analysts have set an average target price of US$405.47, suggesting an implied upside of 13.5% from the current price. These metrics indicate that Cadence is well-positioned for continued growth in the information technology sector.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Advertisement
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
