Cadence Design Systems (CDNS) Stock Forecast, Price Target & Predictions


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CDNS Stock Forecast


Cadence Design Systems stock forecast is as follows: an average price target of $248.90 (represents a -7.38% downside from CDNS’s last price of $268.72) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.

CDNS Price Target


The average price target for Cadence Design Systems (CDNS) is $248.90 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $355.00 to $165.00. This represents a potential -7.38% downside from CDNS's last price of $268.72.

CDNS Analyst Ratings


Buy

According to 13 Wall Street analysts, Cadence Design Systems's rating consensus is 'Buy'. The analyst rating breakdown for CDNS stock is 0 'Strong Buy' (0.00%), 12 'Buy' (92.31%), 1 'Hold' (7.69%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Cadence Design Systems Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 23, 2024Joe VruwinkRobert W. Baird$338.00$287.0817.74%25.78%
Jul 02, 2024Jon VruwinkRobert W. Baird$341.00$310.929.67%26.90%
Jun 27, 2024Jason CelinoKeyBanc$355.00$310.1714.45%32.11%
Jun 06, 2024Jason CelinoKeyBanc$350.00$297.3117.72%30.25%
Apr 23, 2024Clarke JeffriesPiper Sandler$318.00$285.0211.57%18.34%
Apr 18, 2024Jon VruwinkRobert W. Baird$322.00$293.719.63%19.83%
Apr 15, 2024Jason CelinoKeyBanc$340.00$305.3611.35%26.53%
Apr 04, 2024Clarke JeffriesPiper Sandler$334.00$310.587.54%24.29%
Feb 14, 2024Lee SimpsonMorgan Stanley$350.00$300.7416.38%30.25%
Apr 25, 2023Charles ShiNeedham$235.00$202.9815.77%-12.55%
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The latest Cadence Design Systems stock forecast, released on Jul 23, 2024 by Joe Vruwink from Robert W. Baird, set a price target of $338.00, which represents a 17.74% increase from the stock price at the time of the forecast ($287.08), and a 25.78% increase from CDNS last price ($268.72).

Cadence Design Systems Price Target by Period


1M3M12M
# Anlaysts-39
Avg Price Target-$344.67$338.67
Last Closing Price$268.72$268.72$268.72
Upside/Downside-100.00%28.26%26.03%

In the current month, the average price target of Cadence Design Systems stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cadence Design Systems's last price of $268.72. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 06, 2024Piper SandlerBuyOverweightUpgrade
Jul 23, 2024NeedhamUnderperformUnderperformHold
Jul 23, 2024Piper SandlerBuyBuyHold
Jun 27, 2024Wells FargoBuyBuyHold
Jun 27, 2024Sandler O'NeillUnderperformUnderperformHold
Jun 27, 2024KeyBancOverweightOverweightHold
Jun 06, 2024KeyBancOverweightOverweightHold
May 30, 2024Bank of America SecuritiesBuyBuyHold
May 17, 2024Wells FargoBuyBuyHold
May 17, 2024Sandler O'NeillUnderperformUnderperformHold
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Cadence Design Systems's last stock rating was published by Piper Sandler on Aug 06, 2024. The company Upgrade its CDNS rating from "Buy" to "Overweight".

Cadence Design Systems Financial Forecast


Cadence Design Systems Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue--------------$976.58M$1.02B$899.88M$902.55M-$901.77M$759.91M$750.89M$728.28M$736.03M-$666.61M$638.42M$617.96M$599.55M$579.60M
Avg Forecast$1.63B$1.47B$1.39B$1.34B$1.40B$1.32B$1.28B$1.24B$1.37B$1.18B$1.04B$1.00B$1.06B$1.00B$975.99M$1.01B$884.84M$871.20M$834.93M$857.32M$757.19M$740.61M$720.19M$717.79M$732.27M$642.14M$591.10M$614.46M$595.76M$576.10M
High Forecast$1.64B$1.48B$1.40B$1.34B$1.41B$1.33B$1.29B$1.25B$1.38B$1.20B$1.05B$1.01B$1.08B$1.01B$981.75M$1.02B$890.06M$876.34M$834.93M$884.04M$780.78M$763.68M$742.63M$740.15M$755.09M$662.14M$609.52M$633.60M$614.32M$594.05M
Low Forecast$1.63B$1.47B$1.38B$1.33B$1.39B$1.31B$1.27B$1.24B$1.37B$1.18B$1.04B$998.11M$1.05B$999.78M$971.96M$1.01B$881.18M$867.60M$834.93M$839.36M$741.32M$725.09M$705.10M$702.75M$716.93M$628.68M$578.72M$601.58M$583.27M$564.03M
# Analysts54544343585361099884455596510844
Surprise %--------------1.00%1.01%1.02%1.04%-1.05%1.00%1.01%1.01%1.03%-1.04%1.08%1.01%1.01%1.01%

Cadence Design Systems's average Quarter revenue forecast for Sep 23 based on 10 analysts is $1.00B, with a low forecast of $999.78M, and a high forecast of $1.01B. CDNS's average Quarter revenue forecast represents a 2.56% increase compared to the company's last Quarter revenue of $976.58M (Jun 23).

Cadence Design Systems EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts54544343585361099884455596510844
EBITDA--------------$299.33M$363.75M$224.55M$285.61M-$349.79M$232.12M$227.62M$222.81M$240.72M-$208.72M$193.96M$168.84M$137.31M$152.93M
Avg Forecast$510.90M$460.94M$434.58M$417.25M$437.33M$412.05M$399.40M$388.54M$429.31M$368.99M$325.83M$229.73M$331.64M$313.00M$305.02M$208.84M$276.53M$195.71M$260.94M$189.86M$207.20M$231.46M$225.08M$224.33M$228.85M$177.92M$141.74M$150.08M$135.70M$143.94M
High Forecast$513.92M$463.66M$437.15M$419.71M$439.91M$414.48M$401.76M$390.84M$431.84M$375.25M$327.76M$275.67M$337.84M$315.36M$306.82M$250.61M$278.17M$234.86M$260.94M$227.83M$248.64M$238.67M$232.09M$231.32M$235.99M$213.51M$170.09M$180.10M$162.84M$172.72M
Low Forecast$508.79M$459.03M$432.79M$415.52M$435.52M$410.35M$397.75M$386.94M$427.53M$367.47M$324.49M$183.78M$328.54M$312.46M$303.76M$167.07M$275.39M$156.57M$260.94M$151.88M$165.76M$226.61M$220.36M$219.63M$224.06M$142.34M$113.39M$120.07M$108.56M$115.15M
Surprise %--------------0.98%1.74%0.81%1.46%-1.84%1.12%0.98%0.99%1.07%-1.17%1.37%1.13%1.01%1.06%

10 analysts predict CDNS's average Quarter EBITDA for Sep 23 to be $313.00M, with a high of $315.36M and a low of $312.46M. This is 4.57% upper than Cadence Design Systems's previous annual EBITDA (Jun 23) of $299.33M.

Cadence Design Systems Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts54544343585361099884455596510844
Net Income--------------$221.12M$241.80M$240.39M$186.31M-$235.34M$173.74M$176.31M$155.90M$187.17M-$161.63M$131.29M$123.99M$659.67M$101.51M
Avg Forecast$618.16M$544.30M$525.16M$489.60M$513.88M$462.59M$452.83M$439.76M$540.48M$393.87M$335.61M$168.70M$365.15M$329.04M$323.66M$153.36M$251.46M$151.56M$263.84M$139.42M$162.64M$203.78M$206.81M$204.10M$202.70M$137.78M$95.94M$110.21M$647.23M$95.54M
High Forecast$622.90M$548.48M$529.19M$493.36M$517.82M$466.14M$456.31M$443.14M$544.62M$410.28M$338.19M$202.43M$376.05M$334.53M$326.15M$184.03M$253.39M$181.87M$263.84M$167.30M$195.17M$212.03M$215.19M$212.37M$210.91M$165.34M$115.13M$132.25M$776.67M$114.65M
Low Forecast$614.83M$541.38M$522.34M$486.97M$511.12M$460.10M$450.39M$437.40M$537.57M$382.93M$333.81M$134.96M$362.42M$323.56M$321.92M$122.69M$250.11M$121.25M$263.84M$111.53M$130.11M$198.23M$201.18M$198.54M$197.17M$110.23M$76.75M$88.17M$517.78M$76.43M
Surprise %--------------0.68%1.58%0.96%1.23%-1.69%1.07%0.87%0.75%0.92%-1.17%1.37%1.13%1.02%1.06%

Cadence Design Systems's average Quarter net income forecast for Sep 23 is $329.04M, with a range of $323.56M to $334.53M. CDNS's average Quarter net income forecast represents a 48.81% increase compared to the company's last Quarter net income of $221.12M (Jun 23).

Cadence Design Systems SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts54544343585361099884455596510844
SG&A--------------$221.68M$220.19M$239.88M$226.61M-$189.12M$195.77M$186.39M$176.30M$172.78M-$159.67M$156.12M$159.34M$169.36M$154.57M
Avg Forecast$402.00M$362.68M$341.95M$328.31M$344.11M$324.22M$314.26M$305.72M$337.79M$290.34M$256.38M$216.79M$260.95M$246.28M$240.00M$197.08M$217.59M$149.72M$205.31M$179.16M$196.93M$182.12M$177.10M$176.51M$180.07M$136.11M$114.09M$141.63M$166.16M$145.48M
High Forecast$404.37M$364.82M$343.96M$330.24M$346.14M$326.13M$316.12M$307.52M$339.79M$295.26M$257.89M$260.15M$265.82M$248.14M$241.42M$236.50M$218.87M$179.66M$205.31M$215.00M$236.32M$187.79M$182.62M$182.01M$185.68M$163.33M$136.90M$169.96M$199.40M$174.58M
Low Forecast$400.34M$361.18M$340.53M$326.95M$342.69M$322.88M$312.96M$304.46M$336.40M$289.14M$255.32M$173.43M$258.51M$245.85M$239.01M$157.66M$216.69M$119.78M$205.31M$143.33M$157.54M$178.30M$173.39M$172.81M$176.30M$108.89M$91.27M$113.31M$132.93M$116.38M
Surprise %--------------0.92%1.12%1.10%1.51%-1.06%0.99%1.02%1.00%0.98%-1.17%1.37%1.13%1.02%1.06%

Cadence Design Systems's average Quarter SG&A projection for Sep 23 is $246.28M, based on 10 Wall Street analysts, with a range of $245.85M to $248.14M. The forecast indicates a 11.10% rise compared to CDNS last annual SG&A of $221.68M (Jun 23).

Cadence Design Systems EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts54544343585361099884455596510844
EPS--------------$0.82$0.90$0.89$0.69-$0.86$0.63$0.65$0.57$0.68-$0.59$0.48$0.45$2.41$0.37
Avg Forecast$2.26$1.99$1.92$1.79$1.88$1.69$1.66$1.61$1.98$1.44$1.23$1.13$1.33$1.20$1.18$1.26$0.92$0.96$0.96$1.02$0.78$0.75$0.76$0.75$0.74$0.61$0.52$0.54$0.53$0.51
High Forecast$2.28$2.01$1.93$1.80$1.89$1.70$1.67$1.62$1.99$1.50$1.24$1.13$1.37$1.22$1.19$1.27$0.93$0.97$0.96$1.06$0.81$0.78$0.79$0.78$0.77$0.63$0.54$0.56$0.55$0.53
Low Forecast$2.25$1.98$1.91$1.78$1.87$1.68$1.65$1.60$1.97$1.40$1.22$1.12$1.33$1.18$1.18$1.25$0.91$0.96$0.96$0.99$0.76$0.73$0.74$0.73$0.72$0.59$0.51$0.53$0.52$0.50
Surprise %--------------0.69%0.72%0.97%0.72%-0.85%0.81%0.87%0.75%0.91%-0.97%0.92%0.83%4.53%0.73%

According to 10 Wall Street analysts, Cadence Design Systems's projected average Quarter EPS for Sep 23 is $1.20, with a low estimate of $1.18 and a high estimate of $1.22. This represents a 46.71% increase compared to CDNS previous annual EPS of $0.82 (Jun 23).

Cadence Design Systems Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
UUnity Software$19.91$64.97226.32%Hold
PAYCPaycom Software$169.38$349.50106.34%Buy
SNOWSnowflake$113.67$206.8381.96%Buy
ZMZoom Video Communications$67.59$111.7765.36%Hold
TEAMAtlassian$163.74$237.6745.15%Buy
DDOGDatadog$109.26$138.4926.75%Buy
ADSKAutodesk$263.96$283.417.37%Buy
WDAYWorkday$250.05$264.915.94%Buy
INTUIntuit$655.31$689.005.14%Buy
TTDTrade Desk$106.06$107.411.27%Buy
CRMSalesforce$254.57$257.761.25%Buy
CDNSCadence Design Systems$268.72$248.90-7.38%Buy
NOWServiceNow$878.95$728.75-17.09%Buy

CDNS Forecast FAQ


Yes, according to 13 Wall Street analysts, Cadence Design Systems (CDNS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 92.31% of CDNS's total ratings.

Cadence Design Systems (CDNS) average price target is $248.9 with a range of $165 to $355, implying a -7.38% from its last price of $268.72. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for CDNS stock, the company can go down by -7.38% (from the last price of $268.72 to the average price target of $248.9), up by 32.11% based on the highest stock price target, and down by -38.60% based on the lowest stock price target.

CDNS's average twelve months analyst stock price target of $248.9 does not support the claim that Cadence Design Systems can reach $400 in the near future.

Cadence Design Systems's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $5.24B (high $5.27B, low $5.22B), average EBITDA is $1.64B (high $1.65B, low $1.63B), average net income is $1.87B (high $1.88B, low $1.86B), average SG&A $1.29B (high $1.3B, low $1.28B), and average EPS is $6.83 (high $6.89, low $6.8). CDNS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $5.84B (high $5.87B, low $5.81B), average EBITDA is $1.82B (high $1.83B, low $1.82B), average net income is $2.18B (high $2.19B, low $2.17B), average SG&A $1.43B (high $1.44B, low $1.43B), and average EPS is $7.96 (high $8.02, low $7.92).

Based on Cadence Design Systems's last annual report (Dec 2022), the company's revenue was $3.56B, beating the average analysts forecast of $3.45B by 3.29%. Apple's EBITDA was $1.2B, beating the average prediction of $923.04M by 30.41%. The company's net income was $848.95M, beating the average estimation of $806.28M by 5.29%. Apple's SG&A was $846.34M, beating the average forecast of $751.78M by 12.58%. Lastly, the company's EPS was $3.13, missing the average prediction of $3.86 by -19.01%. In terms of the last quarterly report (Jun 2023), Cadence Design Systems's revenue was $976.58M, beating the average analysts' forecast of $975.99M by 0.06%. The company's EBITDA was $299.33M, missing the average prediction of $305.02M by -1.87%. Cadence Design Systems's net income was $221.12M, missing the average estimation of $323.66M by -31.68%. The company's SG&A was $221.68M, missing the average forecast of $240M by -7.64%. Lastly, the company's EPS was $0.82, missing the average prediction of $1.18 by -30.70%