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Cadence Design ( (CDNS) ) has provided an update.
On September 4, 2025, Cadence Design Systems announced an agreement to acquire the design and engineering business of Hexagon Smart Solutions for €2.70 billion. The acquisition, expected to close in the first quarter of 2026, will be funded through cash and stock, with regulatory approvals being a key condition for completion.
The most recent analyst rating on (CDNS) stock is a Buy with a $395.00 price target. To see the full list of analyst forecasts on Cadence Design stock, see the CDNS Stock Forecast page.
Spark’s Take on CDNS Stock
According to Spark, TipRanks’ AI Analyst, CDNS is a Outperform.
Cadence Design’s overall stock score reflects strong financial performance and a positive outlook from recent earnings, despite technical overbought conditions and high valuation metrics. Corporate events, while resolved, present ongoing compliance and operational challenges. The company’s strong position in its industry and growth potential, particularly in AI-driven segments, provide a solid foundation for future growth.
To see Spark’s full report on CDNS stock, click here.
More about Cadence Design
Cadence Design Systems, Inc. operates in the electronic design automation industry, providing software, hardware, and IP for electronic design. The company focuses on delivering solutions for semiconductor and electronic systems companies, enhancing their design and engineering processes.
Average Trading Volume: 1,676,137
Technical Sentiment Signal: Buy
Current Market Cap: $93.41B
See more insights into CDNS stock on TipRanks’ Stock Analysis page.