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

Published on 10/23/2026 at 15:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 24.20 percent in quarter two. Cadence Design Systems stock costs EUR 276.85 on October 23, 2026, up 0.54 percent versus Xetra close.

Analyst view and dates

Deutsche Bank reaffirmed a buy rating on October 7, 2026.
Second-quarter 2026 revenue reached USD 1.58 billion, up 24.20 percent year over year.
Cadence Design Systems stock costs EUR 276.85 at Lang & Schwarz on October 23, 2026 at 3:31 p.m. CEST, 0.54 percent above the Xetra close of October 22, 2026.
Cadence will present third-quarter 2026 results on October 26, 2026.

Schwarz-Weiß Doku: Ingenieure an EDA-Workstations mit IC-Layouts — Cadence Design Systems US12541W1027 zeigt Ingenieure in Schwarz-Weiß beim Überprüfen von IC-Layouts an Workstations, Illustration mit AI erstellt.

Cadence Design Systems (ISIN US1273871087) remains in focus for analysts after Deutsche Bank reaffirmed a buy rating and set a USD 420.00 price target, up from USD 400.00, in a report dated October 7, 2026, as MarketBeat reports. The target stands 36.56 percent above the USD 307.70 Nasdaq price on October 23, 2026 at 9:35 a.m. ET. At Lang & Schwarz, the stock was trading at EUR 276.85 on October 23, 2026 at 3:31 p.m. CEST, up 0.54 percent versus the Xetra close of October 22, 2026 at EUR 275.35.

Revenue growth sets the backdrop

Cadence generated USD 1.58 billion of revenue in the second quarter of 2026, an increase of 24.20 percent from the same period a year earlier. MarketBeat also reported quarterly earnings per share of USD 2.11 against a USD 2.05 consensus estimate. Management set fiscal 2026 earnings-per-share guidance at USD 8.05 to USD 8.15.

Stock position in the Nasdaq market

Cadence traded at USD 307.70 on Nasdaq on October 23, 2026 at 9:35 a.m. ET. Its market capitalization was USD 84.7 billion, while the 52-week range ran from USD 262.75 to USD 416.69 on the same date. The Nasdaq quotation stood 26.15 percent above its 52-week low and 26.19 percent below its 52-week high.

The company operates in application software and supplies electronic design automation tools, hardware and semiconductor intellectual property for chip and system development. Its position links recurring software and IP revenue to demand for increasingly complex electronic systems.

Valuation and the next date

Cadence carried a price-to-earnings ratio of 64.78 on October 20, 2026, according to MarketBeat. The company is scheduled to present its third-quarter 2026 financial results on October 26, 2026, with the webcast starting at 2:00 p.m. Pacific Time, according to Cadence Design Systems.

What the target implies

The USD 420.00 target is 36.56 percent above the Nasdaq price of USD 307.70 on October 23, 2026. The comparison puts the upcoming report against both a 24.20 percent second-quarter revenue increase and fiscal guidance of USD 8.05 to USD 8.15 in earnings per share.

Trading level before results

Cadence Design Systems stock was trading at EUR 276.85 at Lang & Schwarz on October 23, 2026 at 3:31 p.m. CEST, 0.54 percent above the Xetra close of October 22, 2026 at EUR 275.35. The next scheduled company event is the third-quarter results webcast on October 26, 2026. The further course of trading is shown by the continuously updated real-time quote of Cadence Design Systems stock.