Cadence Design Systems, Inc. (CDNS) is a top electronic design automation company with a market cap of $94.1 billion. The stock has outperformed the market, up 22.8% compared to the S&P 500’s 14.3%. CDNS also slightly beat the iShares Expanded Tech-Software Sector ETF with a 22.7% rise. The company is making strides in AI and semiconductor design, with innovative products and strategic partnerships.

Following stellar Q2 2025 results, CDNS saw a 9.7% increase in shares. Revenue surged 20% to $1.3 billion, with non-GAAP EPS at $1.65, surpassing expectations. The company raised full-year revenue and EPS guidance, with analysts expecting a 21.6% YoY EPS growth to $5.47. The consensus rating among analysts is a “Strong Buy.”

Loop Capital raised CDNS’ price target to $390 from $370, with a “Buy” rating due to strong financials. The mean price target of $374.47 offers an 8.4% premium, while the Street-high price target of $410 suggests an 18.7% upside potential.

Read more at Yahoo Finance: Cadence Design Stock: Analyst Estimates & Ratings