Market watchers see the cadence stock price forecast benefiting from steady Q2 earnings upgrades, as design automation software bookings hit record levels. Institutional buying interest has risen 5% month-over-month, signaling confidence in the long-term uptrend. Shares of this maker of hardware and software products for validating chip designs have returned +6.2% over the past month versus the Zacks S&P 500 composite's +3.1% change. The Zacks Computer - Software industry, to which Cadence belongs, has gained 2.2% over this period. Now the key question is: Where could the stock be headed in the near term? Check out our Unique Analysis of Insider Sentiment for Cadence Design Systems, Inc. -> Consensus estimates place the cadence stock price forecast average target at $315 over the next 12 months, factoring in robust design complexity from generative AI adoption in chip architectures.