Deutsche Bank sets USD 420.00 target for Cadence Design Systems stock

Published on 10/13/2026 at 16:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 24.20 percent in second-quarter 2026. Cadence Design Systems stock costs EUR 304.78 on October 13, 2026, down 2.44 percent versus Xetra close.

Analyst target and reporting date

Deutsche Bank issued a USD 420.00 target on October 7, 2026, placing it 23.82 percent above the Nasdaq price.
Second-quarter 2026 revenue reached USD 1.58 billion, up 24.20 percent year over year.
Cadence Design Systems stock costs EUR 304.78 at Lang & Schwarz on October 13, 2026 at 4:12 p.m. CEST, 2.44 percent below the Xetra close of October 12, 2026.
The next results are scheduled for October 26, 2026, while the P/E ratio is 67.54.

Pop-Art-Comic Silicon-Valley-Ingenieur zeigt auf bunten Chip-Floor-Plan — Cadence Design Systems US12541W1027 Pop-Art-Comic Ingenieur zeigt begeistert auf Chip-Design-Schaltplan auf Monitor-Bildschirm, Illustration mit AI erstellt.

Deutsche Bank issued a USD 420.00 price target for Cadence Design Systems on October 7, 2026, according to MarketBeat. The target lies 23.82 percent above the Nasdaq price of USD 339.21 on October 13, 2026. Cadence Design Systems was trading at EUR 304.78 at Lang & Schwarz on October 13, 2026 at 4:12 p.m. CEST, 2.44 percent below the Xetra close of EUR 312.40 on October 12, 2026.

Revenue grows 24.20 percent

Cadence reported second-quarter 2026 revenue of USD 1.58 billion, up 24.20 percent from the same period a year earlier, according to MarketBeat. The company reported diluted earnings per share of USD 2.11 against consensus of USD 2.05 for that quarter, while net income reached USD 367.1 million.

Stock stays below yearly high

On the Nasdaq, Cadence Design Systems stood at USD 339.21 on October 13, 2026 at 10:13 a.m. ET. The quote was 5.70 percent below the 52-week high of USD 359.70 and remained well above the 52-week low of USD 165.64. The same quote showed a market capitalization of USD 93.4 billion and a daily volume of 225 shares.

Valuation meets the next date

The Nasdaq listing carried a P/E ratio of 67.54 on October 13, 2026, with no dividend yield reported by the quote. Simply Wall St lists October 26, 2026 as the next earnings date. That date gives the valuation its next scheduled test.

Comparison with peers

Cadence Design Systems (Nasdaq, USD): minus 2.44 percent, P/E 67.54, market capitalization USD 93.4 billion.

Synopsys (Nasdaq, USD): minus 0.71 percent, P/E 87.26, market capitalization USD 95.5 billion.

Adobe (Nasdaq, USD): minus 0.22 percent, P/E 13.26, market capitalization USD 94.5 billion.

Price and trading position

The euro quotation was EUR 304.78 at Lang & Schwarz on October 13, 2026 at 4:12 p.m. CEST, 2.44 percent below the Xetra close of EUR 312.40 on October 12, 2026. The bid was EUR 304.15 and the ask EUR 305.40. The further course of trading is shown by the continuously updated real-time quote of Cadence Design Systems stock.