Why Did Cadence Design Systems Inc. (CDNS) Plunge 5.29% Pre-Market?

On March 26, 2025, Cadence Design Systems Inc. (CDNS) experienced a pre-market drop of 5.29%.

Cadence Design Systems, Inc. is a leading global provider of design software for integrated circuits and electronic systems. The company's stock has been influenced by various factors, including market sentiment and analyst ratings.

In the latest trading session, Cadence Design Systems (CDNS) closed at $258.70, marking a +1.9% move from the previous day. This positive movement indicates investor confidence in the company's performance and future prospects.

Analysts have provided a range of price targets for CDNS, with the highest target at $355.00 and the lowest at $200.00. The average price target stands at $325.05, suggesting a potential upside from the current price. These targets reflect the analysts' optimism about the company's growth potential and market position.