Cadence, Agilysys, MercadoLibre Price Targets, October 27 2026
Cadence Design Systems
Cadence Design Systems sells the software chip makers use to design and verify their chips. It also licenses chip design blocks and sells hardware for testing designs before they are built. The company is based in San Jose, California. It reported third-quarter results after the close on Monday. Revenue came to $1.633 billion, 1.4% above the $1.61 billion consensus on StreetInsider. Adjusted earnings were $2.11 a share, 3.4% above the $2.04 expected. Revenue grew 22% from a year earlier. Cadence put the growth down to AI chip design work, with more than 100 customers testing its AI design agents. Its core electronic design automation business grew 20%. IP licensing grew 24%, and the System Design and Analysis unit 30%. Hardware had a record quarter.
Backlog reached a record $8.2 billion. Cadence raised its 2026 outlook to $6.387 billion to $6.417 billion in revenue. The midpoint sits 1.2% above the $6.323 billion consensus. It now sees adjusted earnings of $8.37 to $8.43 a share. That midpoint is 3.1% above the $8.15 consensus. For the fourth quarter it guides to adjusted earnings of $2.19 to $2.25 a share. Chief executive Anirudh Devgan called it “an outstanding third quarter.”
Five Desks Weigh In on Cadence
Charles Shi of Needham maintained Cadence at Buy and raised the price target from $400 to $430 today, a Tuesday. Joe Vruwink of Baird maintained Cadence at Outperform and raised the price target from $420 to $440. Blair Abernethy of Rosenblatt maintained Cadence at Buy and raised the price target from $420 to $425. Harlan Sur of JPMorgan maintained Cadence at Overweight and raised the price target from $405 to $420. Siti Panigrahi of Mizuho reiterated Outperform with a $400 price target.
None of the five notes gave a reason in a free source. Our guess, not taken from the notes: the raised 2026 outlook led the four raises. It likely also shaped the Mizuho reiteration.
Cadence’s Record on AnaChart
Cadence draws 15 covering analysts on AnaChart. Their average target is $393.52, with a high of $450 and a low of $275. Ratings split 82.98% Buy, 12.77% Hold and 4.26% Sell. AnaChart’s tracking shows 90.7% of Cadence targets get met, after about 129 days on average. Shi has met 26 of his 27 targets on the stock, with an average potential upside of 16.04%. Vruwink has met 23 of 25, with an average potential upside of 21.84%. Abernethy has met 26 of 29, with an average potential upside of 32.71%, in 47 days on average.
Agilysys
Agilysys sells software to hotels, resorts, casinos and cruise lines. Its products run front desks, restaurant checkouts, spa bookings and inventory. The company is based in Alpharetta, Georgia. It also reported after the close on Monday. Fiscal second-quarter revenue was a record $93.4 million, 2.7% above the $90.92 million consensus. Adjusted earnings were $0.67 a share, 21.8% above the $0.55 expected. Chief executive Ramesh Srinivasan put the quarter down to subscription revenue, which grew 32.6%. Subscriptions and maintenance accounted for 66.6% of the total. Adjusted EBITDA came to $24.1 million, or 25.9% of revenue. Product sales also came in higher than the company expected. Hotel and resort operators kept replacing old checkout systems.
Agilysys raised its fiscal 2027 revenue outlook to $374 million to $378 million, from $368 million to $373 million. The new midpoint is $5.2 million above the $370.8 million consensus. It now expects subscription revenue to grow at least 34%. The quarter brought 24 new customers, including a seven-figure deal to replace a rival’s system at a multi-property resort.
Three Desks Raise Agilysys
Mayank Tandon of Needham maintained Agilysys at Buy and raised the price target from $135 to $145 today. Billy Fitzsimmons of Piper Sandler maintained Agilysys at Overweight and raised the price target from $120 to $140. Brian Schwartz of Oppenheimer maintained Agilysys at Outperform and raised the price target from $118 to $135.
None of the three notes gave a reason in a free source. Our guess, not taken from the notes: the higher fiscal 2027 outlook drove the raises.
Agilysys’s Record on AnaChart
Agilysys draws six covering analysts on AnaChart, and all of them rate it a Buy. Their average target is $128, with a high of $155 and a low of $100. AnaChart’s tracking shows 86.3% of Agilysys targets get met, after about 107 days on average. Tandon has met 16 of his 21 targets on the stock, with an average potential upside of 26.19%. Fitzsimmons started coverage in June and has met both of his, with an average potential upside of 8.40%.
MercadoLibre
MercadoLibre runs Latin America’s largest online marketplace. Its Mercado Pago arm handles payments and lends to shoppers and sellers. The company is based in Montevideo, Uruguay, and does most of its business in Brazil, Mexico and Argentina. Second-quarter revenue came to $10.17 billion, 5.3% above the $9.66 billion consensus. Earnings were $9.19 a share, 5.0% above the $8.75 expected. Growth was led by commerce revenue, which grew 50%. Fintech revenue grew 49%. The credit book grew 75% to $16.4 billion. Total payment volume reached $101 billion, and Mercado Pago counted 88 million monthly active users. MercadoLibre reports its third quarter on November 4.
Citi Upgrades MercadoLibre
Joao Pedro Soares of Citi upgraded MercadoLibre to Buy from Neutral but lowered the price target from $2,100 to $2,050 today. Summaries of the note say he expects MercadoLibre to keep outgrowing the local consumer markets it sells into. Marvin Fong of BTIG reiterated Buy with a $2,150 price target. StreetInsider shows his comment opening with “Our checks,” and the rest sits behind a paywall.
MercadoLibre’s Record on AnaChart
MercadoLibre draws 14 covering analysts on AnaChart. Their average target is $2,319.17, with a high of $2,800 and a low of $1,750. Ratings split 83.64% Buy and 16.36% Hold. AnaChart’s tracking shows 68.79% of MercadoLibre targets get met, after about 198 days on average. Fong has met 24 of his 36 targets on the stock, with an average potential upside of 7.98%. Soares has met 6 of 11, with an average potential upside of 8.51%.
What the Performance Matrix Shows
Cadence has the best met ratio of the three, and MercadoLibre the lowest. A MercadoLibre target that gets met takes about 198 days. AnaChart’s first MercadoLibre forecast dates to June 2009, its first Cadence forecast to September 2013 and its first Agilysys forecast to June 2018.
AnaChart tracks every price target against what happened to the stock afterward, desk by desk and analyst by analyst. The ticker pages linked above break out each record by analyst, firm and year. AnaChart’s full data set holds more than 760,000 analyst calls on more than 9,000 tickers, active and delisted. More than 680,000 carry a price target and more than 730,000 carry a rating. It is the second largest database of its kind. The raw file is available through the AnaChart store.
The previous update covered FICO, Tempus AI and Tenable on October 26.
