Fintel reports that on February 18, 2026, Rosenblatt upgraded their outlook for Cadence Design Systems (NasdaqGS:CDNS) from Neutral to Buy.
Analyst Price Forecast Suggests 37.14% Upside
As of February 4, 2026, the average one-year price target for Cadence Design Systems is $388.73/share. The forecasts range from a low of $277.75 to a high of $430.50. The average price target represents an increase of 37.14% from its latest reported closing price of $283.46 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Cadence Design Systems is 4,586MM, a decrease of 13.42%. The projected annual non-GAAP EPS is 6.61.
What is the Fund Sentiment?
There are 2,224 funds or institutions reporting positions in Cadence Design Systems. This is an decrease of 227 owner(s) or 9.26% in the last quarter. Average portfolio weight of all funds dedicated to CDNS is 0.38%, an increase of 8.03%. Total shares owned by institutions decreased in the last three months by 1.57% to 273,028K shares. 
The put/call ratio of CDNS is 1.16, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,780K shares representing 3.23% ownership of the company. In its prior filing, the firm reported owning 8,655K shares , representing an increase of 1.42%. The firm increased its portfolio allocation in CDNS by 9.66% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 7,750K shares representing 2.85% ownership of the company. In its prior filing, the firm reported owning 7,621K shares , representing an increase of 1.67%. The firm increased its portfolio allocation in CDNS by 9.47% over the last quarter.
Jennison Associates holds 7,716K shares representing 2.83% ownership of the company. In its prior filing, the firm reported owning 8,732K shares , representing a decrease of 13.17%. The firm decreased its portfolio allocation in CDNS by 18.91% over the last quarter.
Geode Capital Management holds 7,627K shares representing 2.80% ownership of the company. In its prior filing, the firm reported owning 7,535K shares , representing an increase of 1.21%. The firm decreased its portfolio allocation in CDNS by 12.86% over the last quarter.
Invesco Qqq Trust, Series 1 holds 5,634K shares representing 2.07% ownership of the company. In its prior filing, the firm reported owning 5,645K shares , representing a decrease of 0.20%. The firm increased its portfolio allocation in CDNS by 1.90% over the last quarter.
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This story originally appeared on Fintel.
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