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CDNS Price Target

Recent CDNS Price   CDNS Price Target
$67.10 CDNS price target higher
+3.95%
$69.75
 As of 2019-11-09
Recent CDNS Analyst Ratings Breakdown
  Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong buy ratings: 3 3 3 3
Buy ratings: 1 1 1 1
Hold ratings: 5 5 4 4
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 2.22 2.22 2.13 2.13
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. For the CDNS price target at the top of this page, we present the average CDNS target price across the 8 analysts covering CDNS, as reported in data provided by Zacks Investment Research via Quandl.com. The median CDNS price target (a different metric than the average or mean) was $72.5 as of 2019-11-09, the highest CDNS price target in the range was $82.0 while the lowest CDNS price target in the range was $50.0, with a standard deviation of $10.646. Get the latest Zacks research report on CDNS — FREE

Slideshow 10 ETFs With Most Upside To Analyst Targets
Slideshow Top 25 Broker Analyst Picks of the S&P 500

For ETFs, an interesting consideration with analyst target prices is that reaching the target price makes no difference to the ETF as far as deciding whether to continue to hold the stock. ETFs by nature are passive index-followers, so as long as the stock remains in the index, it doesn't much matter whether analysts find the stock overvalued or undervalued. Below are some of the ETFs that hold CDNS at last report:

 ETF   CDNS Weight   CDNS Amount 
 VTI   0.06%   $526,554,574         
 VO   0.44%   $472,133,992         
 VOO   0.07%   $374,349,262         
 QQQ   0.21%   $169,216,174         
 IVV   0.07%   $141,419,677         
 VUG   0.14%   $138,213,863         
 VOT   0.89%   $127,883,753         
 VGT   0.28%   $70,668,107         
 IWP   0.62%   $67,223,823         
 QTEC   2.53%   $64,992,778         
List of all 90 ETFs holding CDNS »
Company Name: 
Cadence Design Systems Inc
Website: 
www.cadence.com
Sector: 
Application Software
Number of ETFs Holding CDNS: 
90
Total Market Value Held by ETFs: 
$2,714,341,885
Total Market Capitalization: 
$18,763,000,000
% of Market Cap. Held by ETFs: 
14.47%
Quotes delayed 20 minutes

Buy (2.78 out of 4)
26th percentile
(ranked lower than approx. 74% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com

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