Wall Street Zen upgraded Cadence Design Systems (NASDAQ:CDNS) from 'hold' to 'buy'. The firm announced the rating change on Saturday, September 26, 2026.
This follows other recent analyst actions. Citigroup increased Cadence's target price in late July.
Cadence reported $1.58 billion in revenue for its last quarter. This marks a 24.2% increase compared to the prior year. The company provided FY 2026 guidance of $8.050-$8.150 EPS.