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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cadence Design with a $86.13 average price target, implying an 11.9% upside from current levels. In a report released today, Credit Suisse also maintained a Hold rating on the stock with a $80.00 price target.
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The company has a one-year high of $79.59 and a one-year low of $51.01. Currently, Cadence Design has an average volume of 1.41M.
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Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.