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

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CDNS Stock Forecast

Cadence Design Systems (CDNS) stock forecast, based on 29 Wall Street analysts, predicts a 12-month average price target of $329.17, with a high of $360.00 and a low of $300.00. This represents a 24.54% increase from the last price of $264.31.

$260 $280 $300 $320 $340 $360 High: $360 Avg: $329.17 Low: $300 Last Closed Price: $264.31

CDNS Stock Rating

Cadence Design Systems stock's rating consensus is Buy, based on 29 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 24 Buy (82.76%), 5 Hold (17.24%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 29 0 5 24 Strong Sell Sell Hold Buy Strong Buy

CDNS Price Target Upside V Benchmarks

TypeNameUpside
StockCadence Design Systems24.54%
SectorTechnology Stocks 32.92%
IdeaArtificial Intelligence Stocks List32.66%

Price Target Trends

1M3M12M
# Anlaysts1114
Avg Price Target$300.00$300.00$324.93
Last Closing Price$264.31$264.31$264.31
Upside/Downside13.50%13.50%22.94%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 2551331-22
Mar, 2561331-23
Feb, 2551331-22
Jan, 2551331-22
Dec, 2451231-21
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Apr 15, 2025Siti PanigrahiMizuho Securities$300.00$259.4715.62%13.50%
Nov 11, 2024Gary MobleyLoop Capital Markets$360.00$300.9019.64%36.20%
Oct 29, 2024Vivek AryaBank of America Securities$310.00$280.1810.64%17.29%
Oct 29, 2024Charles ShiNeedham$315.00$252.7724.62%19.18%
Oct 29, 2024Jon VruwinkRobert W. Baird$340.00$278.1922.22%28.64%
Oct 29, 2024Ruben RoyStifel Nicolaus$350.00$252.7738.47%32.42%
Oct 21, 2024Siti PanigrahiMizuho Securities$325.00$253.1528.38%22.96%
Sep 24, 2024Edward YangOppenheimer$225.00$273.32-17.68%-14.87%
Jul 23, 2024Joe VruwinkRobert W. Baird$338.00$287.0817.74%27.88%
Jul 02, 2024Jon VruwinkRobert W. Baird$341.00$310.929.67%29.02%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Nov 11, 2024Loop Capital MarketsBuyinitialise
Oct 29, 2024NeedhamBuyBuyhold
Oct 29, 2024Piper SandlerOverweightOverweighthold
Oct 15, 2024Rosenblatt SecuritiesUnderperformUnderperformhold
Sep 25, 2024Sandler O'NeillBuyBuyhold
Sep 24, 2024OppenheimerUnderperforminitialise
Aug 06, 2024Piper SandlerBuyOverweightupgrade
Jul 23, 2024NeedhamUnderperformUnderperformhold
Jun 27, 2024Sandler O'NeillUnderperformUnderperformhold
Jun 27, 2024KeyBancOverweightOverweighthold

Financial Forecast

EPS Forecast

$2 $3 $4 $5 $6 $7 $8 $9 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$2.16$2.54$3.13$3.86$3.89----
Avg Forecast$2.70$3.26$4.23$5.11$5.92$6.84$7.81$8.29$8.19
High Forecast$2.75$3.31$4.35$5.15$5.96$7.17$8.72$8.84$8.50
Low Forecast$2.67$3.21$4.14$5.09$5.91$6.48$6.83$7.75$7.94
Surprise %-20.00%-22.09%-26.00%-24.46%-34.29%----

Revenue Forecast

$3B $3B $4B $5B $6B $7B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$2.68B$2.99B$3.56B$4.09B$4.64B----
Avg Forecast$2.66B$2.97B$3.55B$4.08B$4.63B$5.25B$5.86B$6.42B$6.69B
High Forecast$2.69B$3.01B$3.62B$4.10B$4.66B$5.35B$5.88B$6.54B$6.88B
Low Forecast$2.63B$2.94B$3.49B$4.06B$4.52B$5.14B$5.85B$6.30B$6.53B
Surprise %1.05%0.53%0.40%0.14%0.17%----

Net Income Forecast

$0 $500M $1B $2B $2B $3B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$590.64M$695.96M$848.95M$1.04B$1.06B----
Avg Forecast$737.04M$888.99M$591.25M$1.04B$1.62B$1.86B$2.12B$2.26B$2.23B
High Forecast$748.91M$903.31M$709.50M$1.25B$1.62B$1.95B$2.38B$2.41B$2.32B
Low Forecast$726.98M$876.86M$473.00M$832.92M$1.61B$1.77B$1.86B$2.11B$2.17B
Surprise %-19.86%-21.71%43.59%--34.77%----

CDNS Forecast FAQ

Is Cadence Design Systems stock a buy?

Cadence Design Systems stock has a consensus rating of Buy, based on 29 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 24 Buy, 5 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Cadence Design Systems is a favorable investment for most analysts.

What is Cadence Design Systems's price target?

Cadence Design Systems's price target, set by 29 Wall Street analysts, averages $329.17 over the next 12 months. The price target range spans from $300 at the low end to $360 at the high end, suggesting a potential 24.54% change from the previous closing price of $264.31.

How does Cadence Design Systems stock forecast compare to its benchmarks?

Cadence Design Systems's stock forecast shows a 24.54% upside, underperforming the average forecast for the technology stocks sector (32.92%), trailing the Artificial Intelligence Stocks List (32.66%) investment idea.

What is the breakdown of analyst ratings for Cadence Design Systems over the past three months?

  • April 2025: 22.73% Strong Buy, 59.09% Buy, 13.64% Hold, 4.55% Sell, 0% Strong Sell.
  • March 2025: 26.09% Strong Buy, 56.52% Buy, 13.04% Hold, 4.35% Sell, 0% Strong Sell.
  • February 2025: 22.73% Strong Buy, 59.09% Buy, 13.64% Hold, 4.55% Sell, 0% Strong Sell.

What is Cadence Design Systems’s EPS forecast?

Cadence Design Systems's average annual EPS forecast for its fiscal year ending in December 2025 is $6.84, marking a 75.84% increase from the reported $3.89 in 2024. Estimates for the following years are $7.81 in 2026, $8.29 in 2027, and $8.19 in 2028.

What is Cadence Design Systems’s revenue forecast?

Cadence Design Systems's average annual revenue forecast for its fiscal year ending in December 2025 is $5.25B, reflecting a 13.05% increase from the reported $4.64B in 2024. The forecast for 2026 is $5.86B, followed by $6.42B for 2027, and $6.69B for 2028.

What is Cadence Design Systems’s net income forecast?

Cadence Design Systems's net income forecast for the fiscal year ending in December 2025 stands at $1.86B, representing an 76.25% increase from the reported $1.06B in 2024. Projections indicate $2.12B in 2026, $2.26B in 2027, and $2.23B in 2028.