Cadence Design Systems stock: Deutsche Bank keeps USD 420.00 target for Cadence Design Systems stock

Published on 10/16/2026 at 17:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 revenue rose 24.20 percent. Cadence Design Systems stock is EUR 283.00 on October 16, 2026, down 2.04 percent versus Xetra close.

Analyst view and reporting date

Deutsche Bank reaffirmed a USD 420.00 target for Cadence Design Systems on October 7, 2026.
Second-quarter 2026 revenue increased 24.20 percent to USD 1.58 billion.
Cadence Design Systems stock traded at EUR 283.00 at 5:30 p.m. CEST on October 16, 2026, down 2.04 percent versus the Xetra close of October 15, 2026.
Cadence will hold its third-quarter results webcast on October 26, 2026.

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Deutsche Bank reaffirmed a Buy rating and kept a USD 420.00 price target for Cadence Design Systems on October 7, 2026, according to MarketBeat. The target is 31.96 percent above the Nasdaq price of USD 318.25 at 11:30 a.m. ET on October 16, 2026. At Lang & Schwarz, Cadence Design Systems stock was trading at EUR 283.00 on October 16, 2026 at 5:30 p.m. CEST, down 2.04 percent versus the Xetra close of October 15, 2026 at EUR 288.90.

Revenue sets the operating baseline

Cadence's second-quarter 2026 revenue rose 24.20 percent year over year to USD 1.58 billion, according to Barchart. The same report said adjusted earnings per share increased 27.90 percent to USD 2.11, while management raised fiscal 2026 revenue guidance to USD 6.26 billion to USD 6.34 billion. For investors, the combination of double-digit revenue growth and a high valuation makes the October results date particularly important.

USD 262.75 to USD 416.69 range

The Nasdaq quote stood 21.12 percent above Cadence's 52-week low of USD 262.75 and 23.62 percent below its 52-week high of USD 416.69 as of October 16, 2026 at 11:30 a.m. ET. The current market capitalization was USD 87.6 billion, and the price-to-earnings ratio was 63.27. The figures place the stock near the lower half of its yearly range while leaving the valuation well above many mature software names.

Valuation and October 26 date

Cadence will hold its third-quarter 2026 financial results webcast on October 26, 2026, according to the company's release dated October 5, 2026, published on its investor website. The event gives the market a scheduled checkpoint for the USD 6.26 billion to USD 6.34 billion fiscal 2026 revenue guidance and the current demand for chip-design software.

Comparison with peers

Cadence Design Systems: minus 2.04 percent, P/E 63.27, market capitalization USD 87.6 billion.
Synopsys (Nasdaq, USD): minus 3.67 percent, P/E 78.85, market capitalization USD 86.4 billion.
Autodesk (Nasdaq, USD): minus 1.90 percent, P/E 31.11, market capitalization USD 50.3 billion.

Price and market position

Cadence's move keeps the stock below the USD 420.00 Deutsche Bank target while its second-quarter revenue growth remains the central operating support. The next scheduled company date is October 26, 2026. The further course of trading is shown by the continuously updated real-time quote of Cadence Design Systems stock.