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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 $317.86 (represents a 6.20% upside from CDNS’s last price of $299.30) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.

CDNS Price Target

The average price target for Cadence Design Systems (CDNS) is $317.86 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $360.00 to $225.00. This represents a potential 6.20% upside from CDNS's last price of $299.30.

CDNS Analyst Ratings

Buy

According to 16 Wall Street analysts, Cadence Design Systems's rating consensus is 'Buy'. The analyst rating breakdown for CDNS stock is 0 'Strong Buy' (0.00%), 15 'Buy' (93.75%), 1 'Hold' (6.25%), 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
Nov 11, 2024Gary MobleyLoop Capital Markets$360.00$300.9019.64%20.28%
Oct 29, 2024Vivek AryaBank of America Securities$310.00$280.1810.65%3.58%
Oct 29, 2024Charles ShiNeedham$315.00$252.7724.62%5.25%
Oct 29, 2024Jon VruwinkRobert W. Baird$340.00$278.1922.22%13.60%
Oct 29, 2024Ruben RoyStifel Nicolaus$350.00$252.7738.47%16.94%
Oct 21, 2024Siti PanigrahiMizuho Securities$325.00$253.1528.38%8.59%
Sep 24, 2024Edward YangOppenheimer$225.00$273.32-17.68%-24.82%
Jul 23, 2024Joe VruwinkRobert W. Baird$338.00$287.0817.74%12.93%
Jul 02, 2024Jon VruwinkRobert W. Baird$341.00$310.929.67%13.93%
Jun 27, 2024Jason CelinoKeyBanc$355.00$310.1714.45%18.61%
Jun 06, 2024Jason CelinoKeyBanc$350.00$297.3117.72%16.94%
Apr 23, 2024Clarke JeffriesPiper Sandler$318.00$285.0211.57%6.25%
Apr 18, 2024Jon VruwinkRobert W. Baird$322.00$293.719.63%7.58%
Apr 15, 2024Jason CelinoKeyBanc$340.00$305.3611.35%13.60%
Apr 04, 2024Clarke JeffriesPiper Sandler$334.00$310.587.54%11.59%
Feb 14, 2024Lee SimpsonMorgan Stanley$350.00$300.7416.38%16.94%
Apr 25, 2023Charles ShiNeedham$235.00$202.9815.77%-21.48%
Oct 25, 2022Charles ShiNeedham$200.00$153.4030.38%-33.18%
Sep 28, 2022Johannes SchallerDeutsche Bank$200.00$166.9719.78%-33.18%
Apr 28, 2022Charles ShiNeedham$193.00$153.4125.81%-35.52%
Apr 26, 2022UBS$180.00$153.6717.13%-39.86%
Feb 23, 2022Gal MundaBerenberg Bank$180.00$140.8827.77%-39.86%
Jan 14, 2022Jason CelinoKeyBanc$205.00$161.7526.74%-31.51%
Jul 15, 2021Ruben RoyWestpark Capital$168.00$137.5522.14%-43.87%
Apr 27, 2021Thomas DiffelyD.A. Davidson$165.00$132.7524.29%-44.87%

The latest Cadence Design Systems stock forecast, released on Nov 11, 2024 by Gary Mobley from Loop Capital Markets, set a price target of $360.00, which represents a 19.64% increase from the stock price at the time of the forecast ($300.90), and a 20.28% increase from CDNS last price ($299.30).

Cadence Design Systems Price Target by Period

1M3M12M
# Anlaysts-516
Avg Price Target-$335.00$329.56
Last Closing Price$299.30$299.30$299.30
Upside/Downside-100.00%11.93%10.11%

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 $299.30. 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
Nov 11, 2024Loop Capital MarketsBuyInitialise
Oct 29, 2024NeedhamBuyBuyHold
Oct 29, 2024Piper SandlerOverweightOverweightHold
Oct 15, 2024Rosenblatt SecuritiesUnderperformUnderperformHold
Oct 15, 2024William BlairBuyBuyHold
Sep 25, 2024Sandler O'NeillBuyBuyHold
Sep 24, 2024OppenheimerUnderperformInitialise
Aug 06, 2024Piper SandlerBuyOverweightUpgrade
Jul 23, 2024NeedhamUnderperformUnderperformHold
Jul 23, 2024Piper SandlerBuyBuyHold
Jun 27, 2024Sandler O'NeillUnderperformUnderperformHold
Jun 27, 2024Wells FargoBuyBuyHold
Jun 27, 2024KeyBancOverweightOverweightHold
Jun 06, 2024KeyBancOverweightOverweightHold
May 30, 2024Bank of America SecuritiesBuyBuyHold
May 17, 2024Wells FargoBuyBuyHold
May 17, 2024Sandler O'NeillUnderperformUnderperformHold
Apr 23, 2024Piper SandlerNeutralNeutralHold
Apr 22, 2024William BlairBuyBuyHold
Apr 22, 2024Wells FargoUnderperformUnderperformHold
Apr 18, 2024GuggenheimBuyBuyHold
Apr 16, 2024Wells FargoOverweightOverweightHold
Apr 15, 2024KeyBancOverweightOverweightHold
Apr 04, 2024Piper SandlerUnderperformUnderperformHold
Apr 04, 2024Wells FargoBuyBuyHold
Apr 04, 2024Piper SandlerNeutralInitialise
Mar 06, 2024NeedhamUnderperformUnderperformHold
Mar 06, 2024Wells FargoBuyBuyHold
Feb 14, 2024Morgan StanleyBuyOverweightUpgrade
Feb 13, 2024NeedhamBuyBuyHold
Sep 14, 2023Cowen & Co.OverweightOverweightHold
Jul 25, 2023Raymond JamesOverweightOverweightHold
Jul 21, 2023Raymond JamesBuyBuyHold
Jul 20, 2023Morgan StanleyBuyUpgrade
Apr 25, 2023NeedhamBuyBuyHold
Feb 14, 2023NeedhamBuyBuyHold
Jan 18, 2023Atlantic EquitiesOverweightUpgrade
Dec 16, 2022Bank of America SecuritiesNeutralBuyUpgrade
Oct 25, 2022KeyBancOverweightOverweightHold
Oct 25, 2022NeedhamBuyBuyHold
Sep 28, 2022Deutsche BankBuyInitialise
Jun 29, 2022Bank of America SecuritiesNeutralUpgrade
Apr 26, 2022NeedhamBuyBuyHold
Apr 26, 2022UBSNeutralNeutralHold
Apr 25, 2022Berenberg BankBuyUpgrade
Jan 14, 2022KeyBancOverweightOverweightHold

Cadence Design Systems's last stock rating was published by Loop Capital Markets on Nov 11, 2024. The company Initialise its CDNS rating from "null" to "Buy".

Cadence Design Systems Financial Forecast

Cadence Design Systems Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue------------------$976.58M$1.02B$899.88M$902.55M$857.52M$901.77M$759.91M$750.89M$728.28M$736.03M-$666.61M
Avg Forecast$1.73B$1.66B$1.58B$1.48B$1.59B$1.47B$1.40B$1.34B$1.38B$1.33B$1.28B$1.25B$1.35B$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
High Forecast$1.83B$1.76B$1.67B$1.57B$1.69B$1.56B$1.49B$1.43B$1.47B$1.41B$1.36B$1.34B$1.37B$1.18B$1.04B$1.00B$1.08B$1.01B$1.04B$1.07B$922.97M$871.20M$834.93M$857.32M$757.19M$740.61M$720.19M$717.79M$732.27M$642.14M
Low Forecast$1.65B$1.58B$1.51B$1.41B$1.52B$1.40B$1.34B$1.28B$1.32B$1.27B$1.23B$1.21B$1.34B$1.18B$1.04B$1.00B$1.05B$999.78M$934.48M$968.09M$859.16M$871.20M$834.93M$857.32M$757.19M$740.61M$720.19M$717.79M$732.27M$642.14M
# Analysts999999998881011533610998888999996
Surprise %------------------1.00%1.01%1.02%1.04%1.03%1.05%1.00%1.01%1.01%1.03%-1.04%

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts999999998881011533610998888999996
EBITDA------------------$299.33M$363.75M$224.55M$285.61M$281.57M$349.79M$232.12M$227.62M$222.81M$240.72M-$208.72M
Avg Forecast$537.85M$515.72M$491.11M$460.26M$494.96M$457.17M$435.97M$418.02M$430.55M$413.83M$398.76M$390.66M$419.41M$368.08M$324.88M$229.73M$330.67M$312.09M$304.13M$208.84M$227.92M$272.27M$260.94M$189.86M$207.20M$231.46M$225.08M$224.33M$228.85M$200.68M
High Forecast$571.42M$547.92M$521.76M$488.99M$525.86M$485.71M$463.18M$444.12M$457.43M$439.67M$423.65M$416.28M$425.62M$368.17M$324.88M$275.67M$336.86M$314.45M$323.12M$250.61M$273.51M$272.27M$260.94M$227.83M$248.64M$231.46M$225.08M$224.33M$228.85M$200.68M
Low Forecast$514.97M$493.79M$470.22M$440.68M$473.91M$437.73M$417.42M$400.24M$412.24M$396.23M$381.79M$377.85M$416.30M$368.00M$324.88M$183.78M$327.58M$311.55M$291.20M$167.07M$182.34M$272.27M$260.94M$151.88M$165.76M$231.46M$225.08M$224.33M$228.85M$200.68M
Surprise %------------------0.98%1.74%0.99%1.05%1.08%1.84%1.12%0.98%0.99%1.07%-1.04%

10 analysts predict CDNS's average Quarter EBITDA for Sep 23 to be $312.09M, with a high of $314.45M and a low of $311.55M. This is 4.26% upper than Cadence Design Systems's previous annual EBITDA (Jun 23) of $299.33M.

Cadence Design Systems Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts999999998881011533610998888999996
Net Income------------------$221.12M$241.80M$240.39M$186.31M$186.92M$235.34M$173.74M$176.31M$155.90M$187.17M-$161.63M
Avg Forecast$652.02M$624.62M$578.05M$531.48M$614.17M$542.45M$493.06M$452.63M$512.47M$475.36M$446.67M$431.56M$498.43M$400.44M$336.15M$168.70M$365.73M$329.57M$324.18M$153.36M$178.90M$263.86M$263.82M$139.42M$162.64M$204.60M$207.65M$204.93M$203.52M$165.61M
High Forecast$704.94M$675.31M$624.96M$574.61M$664.02M$586.47M$533.08M$489.36M$554.06M$513.93M$482.92M$464.55M$509.39M$414.33M$351.98M$202.43M$376.65M$335.06M$325.41M$184.03M$214.68M$263.86M$263.82M$167.30M$195.17M$204.60M$207.65M$204.93M$203.52M$165.61M
Low Forecast$615.97M$590.09M$546.09M$502.09M$580.21M$512.45M$465.80M$427.60M$484.13M$449.07M$421.97M$384.83M$492.95M$386.54M$320.31M$134.96M$363.01M$324.08M$322.96M$122.69M$143.12M$263.86M$263.82M$111.53M$130.11M$204.60M$207.65M$204.93M$203.52M$165.61M
Surprise %------------------0.68%1.58%1.34%0.71%0.71%1.69%1.07%0.86%0.75%0.91%-0.98%

Cadence Design Systems's average Quarter net income forecast for Sep 23 is $329.57M, with a range of $324.08M to $335.06M. CDNS's average Quarter net income forecast represents a 49.05% increase compared to the company's last Quarter net income of $221.12M (Jun 23).

Cadence Design Systems SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts999999998881011533610998888999996
SG&A------------------$221.68M$220.19M$239.88M$226.61M$190.72M$189.12M$195.77M$186.39M$176.30M$172.78M-$159.67M
Avg Forecast$424.43M$406.97M$387.55M$363.20M$390.59M$360.77M$344.04M$329.88M$339.77M$326.57M$314.67M$308.28M$330.97M$290.47M$256.38M$216.79M$260.95M$246.28M$240.00M$197.08M$216.62M$214.23M$205.31M$179.16M$196.93M$182.12M$177.10M$176.51M$180.07M$157.91M
High Forecast$450.93M$432.38M$411.74M$385.88M$414.98M$383.29M$365.51M$350.47M$360.98M$346.95M$334.32M$328.50M$335.87M$290.53M$256.38M$260.15M$265.82M$248.14M$254.98M$236.50M$259.95M$214.23M$205.31M$215.00M$236.32M$182.12M$177.10M$176.51M$180.07M$157.91M
Low Forecast$406.38M$389.66M$371.06M$347.75M$373.98M$345.42M$329.40M$315.85M$325.31M$312.68M$301.29M$298.17M$328.52M$290.40M$256.38M$173.43M$258.51M$245.85M$229.79M$157.66M$173.30M$214.23M$205.31M$143.33M$157.54M$182.12M$177.10M$176.51M$180.07M$157.91M
Surprise %------------------0.92%1.12%1.11%1.06%0.93%1.06%0.99%1.02%1.00%0.98%-1.01%

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts999999998881011533610998888999996
EPS------------------$0.82$0.90$0.89$0.69$0.69$0.86$0.63$0.65$0.57$0.68-$0.59
Avg Forecast$2.38$2.28$2.11$1.94$2.24$1.98$1.80$1.65$1.87$1.74$1.63$1.58$1.82$1.46$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
High Forecast$2.57$2.47$2.28$2.10$2.42$2.14$1.95$1.79$2.02$1.88$1.76$1.70$1.86$1.51$1.28$1.13$1.37$1.22$1.19$1.36$0.97$0.96$0.96$1.02$0.78$0.75$0.76$0.75$0.74$0.61
Low Forecast$2.25$2.15$1.99$1.83$2.12$1.87$1.70$1.56$1.77$1.64$1.54$1.40$1.80$1.41$1.17$1.13$1.33$1.18$1.18$1.19$0.88$0.96$0.96$1.02$0.78$0.75$0.76$0.75$0.74$0.61
Surprise %------------------0.69%0.72%0.97%0.72%0.72%0.85%0.81%0.87%0.75%0.91%-0.97%

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
INTUIntuit$600.66$744.0023.86%Buy
TTDTrade Desk$120.56$129.087.07%Buy
WDAYWorkday$270.43$289.507.05%Buy
CDNSCadence Design Systems$299.30$317.866.20%Buy
ADSKAutodesk$309.93$315.941.94%Buy
DDOGDatadog$151.89$150.90-0.65%Buy
CRMSalesforce$359.95$345.00-4.15%Buy
UUnity Software$23.25$21.33-8.26%Hold
PAYCPaycom Software$213.75$196.00-8.30%Buy
ZMZoom Video Communications$88.64$80.40-9.30%Buy
SNOWSnowflake$188.02$166.25-11.58%Buy
NOWServiceNow$1.17K$1.02K-12.92%Buy
TEAMAtlassian$274.71$236.08-14.06%Buy

CDNS Forecast FAQ

Is Cadence Design Systems a good buy?

Yes, according to 16 Wall Street analysts, Cadence Design Systems (CDNS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 15 'Buy' recommendations, accounting for 93.75% of CDNS's total ratings.

What is CDNS's price target?

Cadence Design Systems (CDNS) average price target is $317.86 with a range of $225 to $360, implying a 6.20% from its last price of $299.3. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Cadence Design Systems stock go up soon?

According to Wall Street analysts' prediction for CDNS stock, the company can go up by 6.20% (from the last price of $299.3 to the average price target of $317.86), up by 20.28% based on the highest stock price target, and down by -24.82% based on the lowest stock price target.

Can Cadence Design Systems stock reach $400?

CDNS's average twelve months analyst stock price target of $317.86 does not support the claim that Cadence Design Systems can reach $400 in the near future.

What are Cadence Design Systems's analysts' financial forecasts?

Cadence Design Systems's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $5.8B (high $6.16B, low $5.55B), average EBITDA is $1.81B (high $1.92B, low $1.73B), average net income is $2.1B (high $2.27B, low $1.99B), average SG&A $1.43B (high $1.51B, low $1.36B), and average EPS is $7.67 (high $8.3, low $7.25). CDNS's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $6.43B (high $6.84B, low $6.16B), average EBITDA is $2B (high $2.13B, low $1.92B), average net income is $2.39B (high $2.58B, low $2.25B), average SG&A $1.58B (high $1.68B, low $1.51B), and average EPS is $8.71 (high $9.42, low $8.23).

Did the CDNS's actual financial results beat the analysts' financial forecasts?

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 $950.99M by 26.58%. The company's net income was $848.95M, beating the average estimation of $846M by 0.35%. Apple's SG&A was $846.34M, beating the average forecast of $815.34M by 3.80%. 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 $304.13M by -1.58%. Cadence Design Systems's net income was $221.12M, missing the average estimation of $324.18M by -31.79%. 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%