Cadence sets October 26 results: Deutsche Bank targets Cadence Design Systems stock at USD 420.00
Published on 10/14/2026 at 10:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSResults date and analyst target
- Cadence will host its third-quarter results webcast on October 26, 2026.
- Deutsche Bank set a USD 420.00 price target on October 7, 2026.
- Cadence Design Systems stock trades at EUR 298.15 at 10:00 a.m. CEST at Lang & Schwarz on October 14, 2026, minus 0.17 percent below the Xetra close of October 13, 2026.
Cadence Design Systems (ISIN US1273871087) will host its third-quarter 2026 financial results webcast on October 26, 2026, while Deutsche Bank had set a USD 420.00 price target for Cadence Design Systems stock on October 7, 2026. The event date comes from Business Wire, while the Deutsche Bank target is reported by MarketBeat.
Results arrive on October 26
The October 26 webcast is the next dated company event for Cadence and will cover the third quarter ending September 30, 2026. The webcast is scheduled for 2:00 p.m. Pacific Time, with Chief Executive Officer Anirudh Devgan and Chief Financial Officer John Wall participating, according to Business Wire.
Cadence last reported second-quarter 2026 revenue of USD 1.58 billion, up 24.20 percent from the same period a year earlier. The company also reported quarterly earnings per share of USD 2.11 against a USD 2.05 consensus estimate, according to MarketBeat.
What does the target imply?
MarketBeat said Deutsche Bank reiterated a buy rating and lifted its price objective from USD 400.00 to USD 420.00 in a research note dated October 7, 2026. The same report said Erste Group Bank raised its fiscal 2026 earnings-per-share estimate from USD 6.39 to USD 6.40 on October 8, 2026, compared with a USD 6.41 consensus estimate.
The target sits in a different currency from the German quote, so it is not combined with the euro price. For investors, the October 26 reporting date is the next measurable test of the growth pace shown by second-quarter revenue.
Cadence stock stays near EUR 300
Cadence Design Systems stock was trading at EUR 298.15 at Lang & Schwarz on October 14, 2026, at 10:00 a.m. CEST. That was minus 0.17 percent versus the Xetra close of October 13, 2026, at EUR 298.65.
The further course of trading is shown by the continuously updated real-time quote of Cadence Design Systems stock.
Cadence Design Systems stock facts
- Company: Cadence Design Systems, Inc.
- ISIN: US1273871087
- Ticker: CDNS
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 14, 2026, 10:00 a.m. CEST): EUR 298.15
- Change versus Xetra close: minus 0.17 percent
- Xetra close (October 13, 2026): EUR 298.65
- Market capitalization: USD 92.0 billion (as of October 13, 2026)
- 52-week range: USD 262.75-416.69 (as of October 13, 2026)
- Sector / Industry: Technology / Software - Application
- Index membership: Nasdaq 100
- Next earnings date: October 26, 2026
Market context: Market report S&P 500.
