---
title: "Weekly Recap: $8B backlog & >85% margins and Analyst targets $410–$470"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293206176.md"
description: "Cadence Design Systems reported a record $8B backlog and >85% gross margins, driven by strong demand for AI-enabled EDA platforms. Consequently, analysts from Rosenblatt, Benchmark, and Goldman Sachs raised their price targets to $410–$470, citing chip-design engineer shortages. The stock previously closed at $384.17."
datetime: "2026-07-20T11:21:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293206176.md)
  - [en](https://longbridge.com/en/news/293206176.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293206176.md)
---

# Weekly Recap: $8B backlog & >85% margins and Analyst targets $410–$470

Cadence Design Systems (NASDAQ:CDNS) posted a record ~$8B backlog, \>85% gross margins and a solid balance sheet, fueling analyst target raises—from Rosenblatt to Goldman—on strong demand for its AI-enabled EDA platforms amid chip-design engineer shortages.

**Previous Week Recap**

-   **Cadence Backlog Reaches $8B**: Cadence (CDNS) reported a record ~$8B backlog, gross margins above 85%, and a solid balance sheet, highlighting strong demand for its AI-enabled EDA platforms. 1
-   **Analysts Boost Cadence Targets**: Analysts raised Cadence (CDNS) targets: Rosenblatt $410, Benchmark $450, Goldman Sachs $470, citing demand for AI-enabled EDA and chip design engineer shortages; prior close noted at $384.17 2 3

**Disclaimer**

  

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.

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