Needham lifts target for Cadence Design Systems stock to USD 430.00

Published on 10/27/2026 at 17:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Valuation was 68.28 on October 27, 2026. Cadence Design Systems stock costs EUR 308.25 on October 27, 2026, up 4.24 percent versus Xetra close.

Needham target update

Needham raised its Cadence target on October 27, 2026.
Cadence's price-to-earnings ratio was 68.28 on October 27, 2026.
Cadence Design Systems stock costs EUR 308.25 at Lang & Schwarz on October 27, 2026 at 5:14 p.m. CEST, 4.24 percent above the Xetra close of October 26, 2026.
The Nasdaq quote stood 17.44 percent below the USD 416.69 52-week high.

Cadence Design Systems, US1273871087, Illustration mit AI erstellt.

Needham lifted its price target for Cadence Design Systems stock from USD 400.00 to USD 430.00 in a research note dated October 27, 2026, as reported by MarketBeat. Against the Nasdaq quote of USD 344.00 on October 27, 2026 at 12:23 p.m. ET, the new target was 25.00 percent above the price. At Lang & Schwarz, Cadence Design Systems stock was trading at EUR 308.25 on October 27, 2026 at 5:14 p.m. CEST, 4.24 percent above the Xetra close of October 26, 2026 at EUR 295.70.

Target distance reaches 25.00 percent

The analyst action gives investors a concrete valuation marker after Cadence's Nasdaq quote reached USD 344.00 during the October 27 session. The USD 430.00 target implies 25.00 percent upside from that quoted level, calculated from the same-currency prices.

Stock stays below its yearly high

Cadence had a market capitalization of USD 94.7 billion on October 27, 2026. Its Nasdaq 52-week range was USD 262.75 to USD 416.69, leaving the stock 17.44 percent below the high. Trading volume stood at 1,844,815 shares at 12:23 p.m. ET.

The valuation was demanding by software-industry standards, with a price-to-earnings ratio of 68.28 on October 27, 2026. The October 26 results release also reported a GAAP operating margin of 26.2 percent for the third quarter of 2026, according to Cadence Design Systems.

Comparison with peers

Cadence Design Systems: plus 4.24 percent versus the Xetra close, P/E 68.28, market capitalization USD 94.7 billion.

Synopsys (Nasdaq, USD): plus 4.24 percent, P/E 82.81, market capitalization USD 90.8 billion.

Autodesk (Nasdaq, USD): minus 2.56 percent, P/E 31.42, market capitalization USD 50.8 billion.

Price and valuation in view

Needham's USD 430.00 target sits above the current Nasdaq quote, while the euro quotation is also higher than its previous Xetra session. The 17.44 percent gap to the yearly high leaves a defined chart distance for investors assessing the analyst view.

Cadence Design Systems stock was trading at EUR 308.25 at Lang & Schwarz on October 27, 2026 at 5:14 p.m. CEST, plus 4.24 percent versus the Xetra close of October 26, 2026 at EUR 295.70. The Nasdaq quote was USD 344.00 on October 27, 2026 at 12:23 p.m. ET. The further course of trading is shown by the continuously updated real-time quote of Cadence Design Systems stock.