Benzinga | Oct 26, 2021 12:39PM EDT

Expert Ratings For Cadence Design Systems

Analysts have provided the following ratings for Cadence Design Systems (NASDAQ:CDNS) within the last quarter:

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 2 3 1 0 0Last 30D 1 2 1 0 01M Ago 1 1 0 0 02M Ago 0 0 0 0 03M Ago 0 0 0 0 0

According to 6 analyst offering 12-month price targets in the last 3 months, Cadence Design Systems has an average price target of $182.33 with a high of $190.00 and a low of $175.00.

Below is a summary of how these 6 analysts rated Cadence Design Systems over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This average price target has increased by 8.02% over the past month.

What Are Analyst Ratings?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.