Cadence Design Systems (CDNS) Stock Forecast, Price Target & Predictions
CDNS Stock Forecast
Cadence Design Systems stock forecast is as follows: an average price target of $276.07 (represents a -9.19% downside from CDNS’s last price of $304.01) 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 $276.07 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 $165.00. This represents a potential -9.19% downside from CDNS's last price of $304.01.
CDNS Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 11, 2024 | Gary Mobley | Loop Capital Markets | $360.00 | $300.90 | 19.64% | 18.42% |
| Oct 29, 2024 | Vivek Arya | Bank of America Securities | $310.00 | $280.18 | 10.65% | 1.97% |
| Oct 29, 2024 | Charles Shi | Needham | $315.00 | $252.77 | 24.62% | 3.62% |
| Oct 29, 2024 | Jon Vruwink | Robert W. Baird | $340.00 | $278.19 | 22.22% | 11.84% |
| Oct 29, 2024 | Ruben Roy | Stifel Nicolaus | $350.00 | $252.77 | 38.47% | 15.13% |
| Oct 21, 2024 | Siti Panigrahi | Mizuho Securities | $325.00 | $253.15 | 28.38% | 6.90% |
| Sep 24, 2024 | Edward Yang | Oppenheimer | $225.00 | $273.32 | -17.68% | -25.99% |
| Jul 23, 2024 | Joe Vruwink | Robert W. Baird | $338.00 | $287.08 | 17.74% | 11.18% |
| Jul 02, 2024 | Jon Vruwink | Robert W. Baird | $341.00 | $310.92 | 9.67% | 12.17% |
| Jun 27, 2024 | Jason Celino | KeyBanc | $355.00 | $310.17 | 14.45% | 16.77% |
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 18.42% increase from CDNS last price ($304.01).
Cadence Design Systems Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 6 | 7 | 16 |
| Avg Price Target | $333.33 | $317.86 | $329.56 |
| Last Closing Price | $304.01 | $304.01 | $304.01 |
| Upside/Downside | 9.64% | 4.56% | 8.40% |
In the current month, the average price target of Cadence Design Systems stock is $333.33, according to 6 Wall Street analysts offering twelve months forecast. The average price target represents a 9.64% increase as opposed to Cadence Design Systems's last price of $304.01. This month's average price target is up 4.87% compared to last quarter, and up 1.14% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 11, 2024 | Loop Capital Markets | - | Buy | Initialise |
| Oct 29, 2024 | Needham | Buy | Buy | Hold |
| Oct 29, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Oct 15, 2024 | Rosenblatt Securities | Underperform | Underperform | Hold |
| Oct 15, 2024 | William Blair | Buy | Buy | Hold |
| Sep 25, 2024 | Sandler O'Neill | Buy | Buy | Hold |
| Sep 24, 2024 | Oppenheimer | - | Underperform | Initialise |
| Aug 06, 2024 | Piper Sandler | Buy | Overweight | Upgrade |
| Jul 23, 2024 | Needham | Underperform | Underperform | Hold |
| Jul 23, 2024 | Piper Sandler | Buy | Buy | Hold |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $976.58M | $1.02B | $899.88M | $902.55M | $857.52M | $901.77M | $759.91M | $750.89M | $728.28M | $736.03M | - | $666.61M | $638.42M | $617.96M | $599.55M | $579.60M |
| Avg Forecast | $1.59B | $1.46B | $1.39B | $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 | $591.10M | $614.46M | $595.76M | $576.10M |
| High Forecast | $1.65B | $1.52B | $1.45B | $1.39B | $1.43B | $1.38B | $1.33B | $1.34B | $1.36B | $1.18B | $1.04B | $1.00B | $1.08B | $1.01B | $1.01B | $1.05B | $919.36M | $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 |
| Low Forecast | $1.56B | $1.43B | $1.36B | $1.32B | $1.35B | $1.30B | $1.25B | $1.21B | $1.34B | $1.18B | $1.04B | $1.00B | $1.05B | $999.78M | $956.84M | $991.26M | $867.48M | $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 |
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 9 | 11 | 5 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 6 | 4 | 4 | 7 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.01% | 1.02% | 1.04% | 1.03% | 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 9 | 11 | 5 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 6 | 4 | 4 | 7 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $299.33M | $363.75M | $224.55M | $285.61M | $281.57M | $349.79M | $232.12M | $227.62M | $222.81M | $240.72M | - | $208.72M | $193.96M | $168.84M | $137.31M | $152.93M |
| Avg Forecast | $495.62M | $455.00M | $433.48M | $418.14M | $429.19M | $413.42M | $398.41M | $391.07M | $419.14M | $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 | $184.73M | $150.08M | $186.19M | $180.05M |
| High Forecast | $514.95M | $472.75M | $450.39M | $434.45M | $445.93M | $429.54M | $413.95M | $416.71M | $425.35M | $368.17M | $324.88M | $275.67M | $336.86M | $314.45M | $316.00M | $250.61M | $273.51M | $272.27M | $260.94M | $227.83M | $248.64M | $231.46M | $225.08M | $224.33M | $228.85M | $200.68M | $184.73M | $180.10M | $186.19M | $180.05M |
| Low Forecast | $485.89M | $446.07M | $424.97M | $409.94M | $420.77M | $405.31M | $390.59M | $378.24M | $416.04M | $368.00M | $324.88M | $183.78M | $327.58M | $311.55M | $298.17M | $167.07M | $182.34M | $272.27M | $260.94M | $151.88M | $165.76M | $231.46M | $225.08M | $224.33M | $228.85M | $200.68M | $184.73M | $120.07M | $186.19M | $180.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.74% | 0.99% | 1.05% | 1.08% | 1.84% | 1.12% | 0.98% | 0.99% | 1.07% | - | 1.04% | 1.05% | 1.13% | 0.74% | 0.85% |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 9 | 11 | 5 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 6 | 4 | 4 | 7 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $221.12M | $241.80M | $240.39M | $186.31M | $186.92M | $235.34M | $173.74M | $176.31M | $155.90M | $187.17M | - | $161.63M | $131.29M | $123.99M | $659.67M | $101.51M |
| Avg Forecast | $616.02M | $536.68M | $477.43M | $444.84M | $509.52M | $474.04M | $444.78M | $431.93M | $497.74M | $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 | $143.12M | $110.21M | $145.58M | $139.22M |
| High Forecast | $647.26M | $563.89M | $501.65M | $467.41M | $535.36M | $498.08M | $467.34M | $467.93M | $532.90M | $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 | $143.12M | $132.25M | $145.58M | $139.22M |
| Low Forecast | $600.31M | $522.99M | $465.26M | $433.50M | $496.52M | $461.95M | $433.43M | $387.63M | $486.91M | $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 | $143.12M | $88.17M | $145.58M | $139.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.68% | 1.58% | 1.34% | 0.71% | 0.71% | 1.69% | 1.07% | 0.86% | 0.75% | 0.91% | - | 0.98% | 0.92% | 1.13% | 4.53% | 0.73% |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 9 | 11 | 5 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 6 | 4 | 4 | 7 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $221.68M | $220.19M | $239.88M | $226.61M | $190.72M | $189.12M | $195.77M | $186.39M | $176.30M | $172.78M | - | $159.67M | $156.12M | $159.34M | $169.36M | $154.57M |
| Avg Forecast | $391.11M | $359.05M | $342.07M | $329.97M | $338.69M | $326.24M | $314.40M | $308.60M | $330.76M | $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 | $145.36M | $141.63M | $146.50M | $141.67M |
| High Forecast | $406.37M | $373.06M | $355.42M | $342.84M | $351.90M | $338.97M | $326.66M | $328.84M | $335.66M | $290.53M | $256.38M | $260.15M | $265.82M | $248.14M | $249.37M | $236.50M | $259.95M | $214.23M | $205.31M | $215.00M | $236.32M | $182.12M | $177.10M | $176.51M | $180.07M | $157.91M | $145.36M | $169.96M | $146.50M | $141.67M |
| Low Forecast | $383.44M | $352.01M | $335.36M | $323.50M | $332.04M | $319.84M | $308.23M | $298.49M | $328.31M | $290.40M | $256.38M | $173.43M | $258.51M | $245.85M | $235.29M | $157.66M | $173.30M | $214.23M | $205.31M | $143.33M | $157.54M | $182.12M | $177.10M | $176.51M | $180.07M | $157.91M | $145.36M | $113.31M | $146.50M | $141.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 1.12% | 1.11% | 1.06% | 0.93% | 1.06% | 0.99% | 1.02% | 1.00% | 0.98% | - | 1.01% | 1.07% | 1.13% | 1.16% | 1.09% |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 9 | 11 | 5 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 6 | 4 | 4 | 7 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.82 | $0.90 | $0.89 | $0.69 | $0.69 | $0.86 | $0.63 | $0.65 | $0.57 | $0.68 | - | $0.59 | $0.48 | $0.45 | $2.41 | $0.37 |
| Avg Forecast | $2.25 | $1.96 | $1.74 | $1.62 | $1.86 | $1.73 | $1.62 | $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 | $0.52 | $0.54 | $0.53 | $0.51 |
| High Forecast | $2.36 | $2.06 | $1.83 | $1.71 | $1.95 | $1.82 | $1.71 | $1.71 | $1.95 | $1.51 | $1.28 | $1.13 | $1.37 | $1.22 | $1.19 | $1.32 | $0.97 | $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 |
| Low Forecast | $2.19 | $1.91 | $1.70 | $1.58 | $1.81 | $1.69 | $1.58 | $1.41 | $1.78 | $1.41 | $1.17 | $1.13 | $1.33 | $1.18 | $1.18 | $1.22 | $0.90 | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | 0.72% | 0.97% | 0.72% | 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| U | Unity Software | $21.63 | $64.63 | 198.80% | Hold |
| SNOW | Snowflake | $129.12 | $204.88 | 58.67% | Buy |
| PAYC | Paycom Software | $219.78 | $340.31 | 54.84% | Hold |
| ZM | Zoom Video Communications | $78.86 | $111.94 | 41.95% | Hold |
| INTU | Intuit | $650.60 | $715.09 | 9.91% | Buy |
| DDOG | Datadog | $135.45 | $145.31 | 7.28% | Buy |
| WDAY | Workday | $259.44 | $271.36 | 4.59% | Buy |
| TEAM | Atlassian | $245.45 | $246.52 | 0.44% | Buy |
| ADSK | Autodesk | $307.84 | $290.28 | -5.70% | Buy |
| TTD | Trade Desk | $123.90 | $113.04 | -8.77% | Buy |
| CDNS | Cadence Design Systems | $304.01 | $276.07 | -9.19% | Buy |
| CRM | Salesforce | $325.70 | $275.26 | -15.49% | Buy |
| NOW | ServiceNow | $1.02K | $831.13 | -18.75% | Buy |